Manoj KC, head of the Central Investigation Bureau of the Nepal Police, told Ikantipur that he was arrested from the Naxal area.
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Businessman Shekhar Golchha has been arrested. He was arrested from the Naxal area, Manoj KC, the head of the Central Investigation Bureau of the police, told Ikantipur.
The Kathmandu District Court has issued a warrant to arrest Golchha and he was taken into custody for investigation on Thursday, the bureau said.
According to the bureau, Golchha, the then chairman of Himalayan Reinsurance Limited, has been arrested for an offense under the Securities Act, 2063. Based on the preliminary investigation report of the Nepal Securities Board, in collusion with the then chairman of Himalayan Reinsurance Limited, Golchha, for further investigation and action under Sections 94, 95, 96 Sub-section (1) and Section 98 of the Securities Act, 2063, the bureau received the preliminary investigation report of the Board, 2083, and he was arrested with an arrest warrant from the Kathmandu District Court.
Golchha is the former president of the Federation of Nepalese Chambers of Commerce and Industry.
The Securities and Exchange Board of Nepal had prepared an investigation and supervision report on the collusion of controversial businessmen Deepak Bhatta and Sulabh Agrawal and other groups in the share trading. In which, it is suspected that six people, including Golchha, were involved in the collusion. It is understood that he was arrested based on the same report.
What is there about Golchha in the board's report?
The report has placed Shekhar Golchha, former president of the Federation of Nepalese Chambers of Commerce and Industry and chairman and managing director of the Golchha Group, on the list of people who assisted in the crime.
Kantipur spoke to Golchha in the last week of Chaitra regarding the report's indication that he was an accomplice in the controversial share trading. In which he had said that he resigned as the outgoing chairman of Himalayan Reinsurance Company after receiving information that Bhatta, Sulabh Agrawal and his wife Shubhi Agrawal had illegally purchased shares.
‘Such a huge amount of money was transacted, and the money of various public limited companies was also embezzled in the purchase of shares,’ he had said, ‘This was not even proposed in the meeting of the board of directors of Himalayan Reinsurance Company. The day I came to know about this activity, I resigned from the post of chairman on the same day.’ He also claims that he was not the ultimate beneficiary of the transaction. Golchha said that the misuse of the public limited company’s money and arbitrarily using it is not according to the law.
