Sathi haru ho. Yo manche haru jasto le garda desh bigreyeko ho. Its been five years since I left Nepal and not a day has passed by without hearing a bad news related to Nepal, which depresses me. So I have promised myself that as long as this guy doesn't get caught, I will continue to update this thread.


AGE:      APPROXIMATELY 55 
HEIGHT:  5FT 4INCH
COLOR : BROWN
BHUWAN KC STYLE DARHI VAYEKO 
CRIME: BANK KO PAISA THAGI GARI BIDESH PALAAYAN
COMPANY ASSOCIATED: NAMASTE INDIA GROCERY MART IRVING TEXAS
LAST SEEN: IRVING TEXAS
POSSIBLE PLACE WHERE HE COULD BE: UNITED KINGDOM, USA

(info source: http://sajha.com/sajha/html/index.cfm?threadid=91848 (khuch_ching)
CRIME: Embezzlement (NRS 2 BILLION)

Also friends, we shouldn't let him escape the media. If you see him around just take a picture in your cell and call the police. 
There are many threads so let us use this thread for the sole purpose of updating information on his status. 

Even if he escapes the judiciary system in Nepal, let him not escape the shame and public humiliation.
If you have pictures, his family information (anything related to him), please share it in this thread. I want to consolidate his info/bio.

Hey Vyrus,

Can you verify his whereabouts? I personally know people who have lost their life savings through this crook. i am sure they'd be interested to hear where he really is.

 Two former bankers arrested for Rs 600 m fraud

Two former bankers were arrested by a team of the Central Investigation Bureau (CIB) for fraud worth Rs 600 million.

Shambhu Bahadur K.C, former chairman of Progressive Finance Ltd, and Shiva Ram Joshi, former general manager of Capital Merchant Banking and Finance Ltd, were arrested on Thursday from their hide-outs in the capital.

Both were at large after the police started looking for them for misappropriating the depositors' money. According to the CIB, they are accused of issuing Rs 600 loan from the Capital Merchant Banking and Finance to fake borrowers. K.C is allegedly involved in creating fake clients while Joshi assisted him in the scam.

K.C has also been accused of similar fraud in Progressive Finance, but the total worth of fraud is yet to be assessed, it is learnt.

In August, the Nepal Rastra Bank (NRB) had directed the police for investigation into possible fraud after Capital Merchant Banking and Finance Ltd was closed citing liquidity crunch. nepalnews.com


He is in IRVING TX.... everyone knows about it.... Go to Namaste India and catch him.

I think Vyrus Ji there are some procedural and legal difficulties in arresting this criminal.But there are report in some Nepalese media that Nepal police is going to issue diffusion notice to Interpol very soon.

We all should help the arrest of this criminal. From the reports I have researched in this criminal, about two decades he was used to be seen in the Baneshwor streets, carrying Broilers in MO-Bike. He has benefited from shortsightedness and corruption prevailing in Nepalese Financial sector and especially in Nepal Rastra Bank.But present Gopverner is a good man, and because of honesty of people like him we hope to see this criminal behind the bar very soon.

For those who are more at ease with english, I have posted the news from www.thehimalayantimes.com also

Former bankers arrested for misappropriating Rs 600 million

SABIN CHANDRA ACHARYA



KATHMANDU: The Central Investigation Bureau of Nepal Police on Thursday arrested two former bankers for misappropriating tens of millions of rupees deposited by the clients of the banks they worked for.

The bank fraudsters slipping into the CIB net are Shivaram Joshi (53) of Kathmandu and Shambhu Bahadur KC (53) of Kabhre, respectively. They were arrested from their separate hide-outs in the Capital and were on the run since the Nepal Rastra Bank implicated the duo as per the Banking Offences and Punishment Act.

DIG Upendra Kant Aryal, the CIB chief, said the central bank had pressed Joshi and KC with multiple fraud charges.

KC was the executive chairman of Nepal Progressive Finance while Joshi was the managing director of Capital Merchant Banking & Finance Ltd. Karki is also a son-in-law of KC.

"Joshi in collusion with KC has misused deposits to the tune of Rs 600 million by creating fake borrowers and siphoning off hefty sum in their respective organisations for easy monetary gain," he informed.

According to CIB, Joshi used to find fake borrowers and collect deposits from section office of Capital Merchant Rina Tandukar at the behest of its founding chief Pawan Kumar Karki and submit the sum to KC for his individual purpose like land procurement and operation of his office, Nepal Progressive Finance.

KC was also found to have bought around 307 ropani in various places of the Kathmandu Valley by misusing the bank deposits over years. CIB said the land fetches more than Rs 1.29 billion now. Karki is still at large.

Joshi and KC have been handed over to Metropolitan Police Range, Hanumandhoka to proceed with charge.

Earlier in September, CIB had arrested former executive chairman of Nepal Share Market and Finance Yogendra Prasad Shrestha for embezzling Rs 2.66 billion, the biggest fraud in the banking history of Nepal.

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