Prabhu Group's chairman Bhattachan arrested for fraudulence

By TRN Online, Kathmandu, Oct 30: Chairman of the Prabhu Group and former member of parliament Devi Prakash Bhattachan has been arrested for his alleged involvement in crimes related to cheating and Nepal Rastra Bank Act, 2058.

Bhattachan was arrested from Taukel in Godavari Municipality-3, Lalitpur, according to the press release issued on Wednesday by the Central Investigation Bureau (CIB).

The CIB stated that Prabhu Group's Chairman Bhattachan was taken under control as per the case related to fraudulence, criminal cheating and criminal benefit as lodged by Thakur Prasad Manandhar.

According to Shiv Kumar Shrestha, CIB spokesperson and senior superintendent of police (SSP), Bhattachan as the chief of Prabhu Money Transfer and Prabhu Management Pvt Ltd faces blames for misusing the license to conduct remittance business issued by NRB.

Over three dozen cooperatives had also filed cases against Bhattachan for cheating them in payment for remittance transactions, and the Kathmandu District Court had issued arrest warrant against him.