The police have started an investigation against Jayant Srivastava, general manager of Siprabi Securities, who is accused of defrauding more than 11 crores.

The district court in Kathmandu extended the deadline by three days and the Kathmandu police complex proceeded with the investigation in the fraud case against him.

Share trader Dipendra Agarwal filed a police complaint against Srivastava for not paying Rs 11.55 million as payment for share trading. SP Kuldeep Chand informed that an investigation has been started based on the complaint. According to him, Srivastava himself was present at the police premises. 

Earlier, Agarwal himself was arrested on similar charges of fraud related to share transactions.