Kathmandu. The court has allowed the police to arrest Rabindra KC, the credit head of Laxmi Sunrise Bank. The court has allowed the police to investigate the case of cheating and criminal breach of trust.
He has been accused of collusion in the case of approving the loan, not giving the loan but auctioning the collateral.
He has also been suspended from the bank after a case of fraud and criminal breach of trust was filed against him.
The employees of the bank approved by the Rastra Bank have a provision that the employees will be automatically suspended from the day a case is registered in the court on a criminal offense. The court has also ordered the arrest of the then CEO of the bank, Suman Sharma, Kedar Singh, and Subodh Joshi.
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