Share market investor Agrawal arrested

By A Staff Reporter,Kathmandu, July 22: Share market investor Dipendra Agrawal was arrested on charges of fraud and criminal breach of trust. He was taken into custody from Tokha, Kathmandu, on Monday.

According to Kathmandu Metropolitan Police Chief Bishwo Adhikari, the arrest followed a court-issued warrant related to multiple complaints filed against Agrawal. “We received a formal arrest warrant a few days ago, and today we brought him into custody for further investigation,” Adhikari told The Rising Nepal. 

Agrawal has long faced accusations of misleading individuals in share trading activities. He allegedly induced people to buy specific stocks based on deceptive claims and subsequently left them to incur financial losses. The complaints have surfaced consistently across various online platforms and social media over the past months.

One of the major allegations involves encouraging investors to buy shares of companies like Nepal Finance, which then experienced rapid and suspicious price fluctuations, causing significant losses to general investors. Agrawal is suspected of orchestrating these patterns to manipulate the market for personal gain.

He has been particularly active on platforms like Clubhouse and other social media outlets, where he hosted discussions related to the stock market. However, as grievances from investors increased, the Securities Board of Nepal (SEBON) placed him under surveillance.

The arrest marks a significant move by authorities in addressing market manipulation and protecting retail investors from deceptive practices. Further investigation is currently underway, said police.