The police have already obtained permission from the Patan High Court to keep him in custody on Wednesday. According to officers involved in the investigation, preliminary investigations have revealed that Shakya took a loan of Rs 150 million from the bank without completing the process.
What you should know
Police, who are investigating the loan abuses from Prabhu Bank Limited, arrested Guna Group Chairman Rajendra Shakya on Wednesday. He was arrested from Jawalakhel, Bhani Mandal, Lalitpur to investigate a case related to banking offences, said SSP Shiva Kumar Shrestha of the bureau.
The police have also obtained permission from the High Court, Patan, to detain him on Wednesday. According to the officers involved in the investigation, preliminary investigations have shown that Shakya took Rs 150 million from the bank without completing the loan process.
‘It has been found that the bank gave that amount to Guna Cinema, a subsidiary of the Guna Group run by Shakya,’ said an officer. ‘It has been found that Shakya later purchased Lazimpat Apartment and transferred that money to another company.’ The investigation officers say that he also took the remaining Rs 270 million from the bank to manage his loan.
‘It also appears that one of the layered companies does not exist, a detailed investigation is underway,’ he said. ‘We will conduct a detailed investigation by taking a statement from him.’
According to the police, Shakya has also admitted to irregularities in the loan during preliminary interrogation. ‘According to the officials including the CEO, he says that he did it,’ said an investigation officer.
The police had arrested Prabhu Bank's Chief Executive Officer (CEO) Ashok Sherchan, Deputy Chief Executive Officer (DCEO) Maniram Pokharel and Chief Credit Officer (CCO) Riwas Shrestha on Sunday and started the investigation.
'Initially, we were investigating Prabhu Management's Devi Prakash Bhattachan, operator Kusum Lama and others for cheating various cooperatives in the country of crores by not paying remittance transactions and deposits, and the involvement of the CEO was revealed,' said an officer of the bureau. 'Later, a separate investigation was conducted after a major problem was found in the loans issued by the bank.' Businessman Shakya was also arrested after that.
The Guna Group is investing in real estate, housing, cinemas, motor parts, commercial buildings and other sectors, according to the group's website.
