Kathmandu. Chief Executive Officer (CEO) of Nepal Investment Mega Bank Jyoti Prakash Pandey has been arrested. He was<\/p>\n
arrested on Wednesday morning, May 30.<\/p>\n
Pandey, 63, was arrested on the night of 2083\u00f7+01\u00f729 while he was sneaking away from Madan Bhandari Highway at Bus Park in Sindhuli with the help of District Police Office, Sindhuli, according to the Central Investigation Bureau (CIB). <\/p>\n
According to the investigation, Smart Telecom has been found to be working with the intention of breaking the government’s rights through the auction process of physical infrastructure and systems owned by the government after not renewing the license. Pandey was involved in the process in his capacity as the chairman of the Loan Recovery Committee (RICH). Police found him during a vehicle check when he tried to flee the scene by switching off the mobile phone he was using. <\/p>\n
In addition to this, Nepal Investment Mega Bank (NIBL) has put a condition in the auction notice issued on 2082\u00f706\u00f703 for house rent and electricity bills. The police have forwarded further investigation under the Civil Criminal Code, 2074 for the bank fraud by not paying the house owner and electricity bill. <\/p>\n
Spokesperson for the Bureau, Shiva Kumar Shrestha, said that further investigation is underway to find out other involvement and evidences in the case. <\/p>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Chief Executive Officer (CEO) of Nepal Investment Mega Bank Jyoti Prakash Pandey has been arrested. He was arrested on Wednesday morning, May 30. Pandey, 63, was arrested on the night of 2083\u00f7+01\u00f729 while he was sneaking away from Madan Bhandari Highway at Bus Park in Sindhuli with the help of District Police Office, Sindhuli, […]<\/p>\n","protected":false},"author":1,"featured_media":26193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[90,123,126,147,150],"tags":[],"class_list":["post-29328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-en","category-banking-update-en","category-banking-news-en","category-news-en","category-sifaris-en"],"acf":[],"jetpack_featured_media_url":"https:\/\/english.bankingsansar.com\/wp-content\/uploads\/2026\/01\/nepal-investment-bank.jpg","_links":{"self":[{"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/posts\/29328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/comments?post=29328"}],"version-history":[{"count":1,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/posts\/29328\/revisions"}],"predecessor-version":[{"id":29329,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/posts\/29328\/revisions\/29329"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/media\/26193"}],"wp:attachment":[{"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/media?parent=29328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/categories?post=29328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/tags?post=29328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}