{"id":36948,"date":"2026-08-24T11:14:03","date_gmt":"2026-08-24T05:29:03","guid":{"rendered":"https:\/\/bankingsansar.com\/news\/36948\/"},"modified":"2026-08-24T11:15:12","modified_gmt":"2026-08-24T05:30:12","slug":"prabhu-bank-fraud-case-case-filed-against-7-including-5-employees-of-prabhu-bank-2","status":"publish","type":"post","link":"https:\/\/english.bankingsansar.com\/news\/36948\/","title":{"rendered":"Prabhu Bank fraud case: Case filed against 7 including 5 employees of Prabhu Bank"},"content":{"rendered":"<p>Kathmandu. The anti-graft body has filed a corruption case against former chief business officer of Prabhu Bank Ashok Sherchan, then chief business officer of the bank Rashmi Panta, bank branch manager Santosh Gyawali, recovery manager of the bank Nanda Raj Joshi and loan officer Rajendra Shrestha in connection with the Rs 48 crore fraud case. <\/p>\n<p>The Public Attorney&#8217;s Office filed the charge sheet at Patan High Court on the basis of investigation by the Central Investigation Bureau (CIB) of Nepal Police. <\/p>\n<p>According to the CIB investigation, Shashir Sharma, the proprietor of Asian Village Resort Pvt Ltd, had taken a loan of Rs 48 crore to buy land for the construction of Asian Villages Resort. However, it has been revealed that he misused the money to repay other loans and reconcile loans. <\/p>\n<p>During the investigation, it was found that a loan of Rs 480 million was issued by mortgaging land worth Rs 46.1 million. <\/p>\n<p>The court has demanded a fine of Rs 480 million and an equivalent fine and imprisonment of 6 to 8 years. It has also demanded the issuance of an arrest warrant against former CEO Sherchan. <strong> See also:<\/strong><\/p>\n<p><a href=\"https:\/\/bankingsansar.com\/wp-content\/uploads\/2026\/08\/prabhu-pdf.pdf\">prabhu pdf\u00a0<\/a><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"qQncDpDCZ5\"><p><a href=\"https:\/\/english.bankingsansar.com\/news\/34637\/\">Prabhu Bank: Ex-bosses absconding, Chief Business Officer detained, director in dispute, bank regulatory action<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cPrabhu Bank: Ex-bosses absconding, Chief Business Officer detained, director in dispute, bank regulatory action\u201d \u2014 Banking Sansar :: Nepal&amp;apos;s No. 1 Banking News portal\" src=\"https:\/\/english.bankingsansar.com\/news\/34637\/embed\/#?secret=18W0xlQkj0#?secret=qQncDpDCZ5\" data-secret=\"qQncDpDCZ5\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"ZWkJqrvlkr\"><p><a href=\"https:\/\/english.bankingsansar.com\/news\/34899\/\">When the disputes of all the directors started coming out one by one, Prabhu Bank spoke, the date was changed in a hurry!<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cWhen the disputes of all the directors started coming out one by one, Prabhu Bank spoke, the date was changed in a hurry!\u201d \u2014 Banking Sansar :: Nepal&amp;apos;s No. 1 Banking News portal\" src=\"https:\/\/english.bankingsansar.com\/news\/34899\/embed\/#?secret=Hwt07i21Ho#?secret=ZWkJqrvlkr\" data-secret=\"ZWkJqrvlkr\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"SGFnc7DENU\"><p><a href=\"https:\/\/english.bankingsansar.com\/news\/35061\/\">Criminal case filed against Prabhu Bank CEO Sharma for contempt of court<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cCriminal case filed against Prabhu Bank CEO Sharma for contempt of court\u201d \u2014 Banking Sansar :: Nepal&amp;apos;s No. 1 Banking News portal\" src=\"https:\/\/english.bankingsansar.com\/news\/35061\/embed\/#?secret=sSBN86Hs1H#?secret=SGFnc7DENU\" data-secret=\"SGFnc7DENU\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"yELQo9Sw4N\"><p><a href=\"https:\/\/english.bankingsansar.com\/news\/35227\/\">Why did the police not allow the CEO of Prabhu Bank to enter Singha Durbar? Here&#8217;s why I couldn&#8217;t go to the meeting with the finance minister.<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cWhy did the police not allow the CEO of Prabhu Bank to enter Singha Durbar? Here\u2019s why I couldn\u2019t go to the meeting with the finance minister.\u201d \u2014 Banking Sansar :: Nepal&amp;apos;s No. 1 Banking News portal\" src=\"https:\/\/english.bankingsansar.com\/news\/35227\/embed\/#?secret=EK8DJaRVSL#?secret=yELQo9Sw4N\" data-secret=\"yELQo9Sw4N\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"i4gzNpkFVl\"><p><a href=\"https:\/\/english.bankingsansar.com\/news\/36203\/\">Manager of Prabhu Bank arrested from bank office<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cManager of Prabhu Bank arrested from bank office\u201d \u2014 Banking Sansar :: Nepal&amp;apos;s No. 1 Banking News portal\" src=\"https:\/\/english.bankingsansar.com\/news\/36203\/embed\/#?secret=wNIWzSKyCa#?secret=i4gzNpkFVl\" data-secret=\"i4gzNpkFVl\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu. The anti-graft body has filed a corruption case against former chief business officer of Prabhu Bank Ashok Sherchan, then chief business officer of the bank Rashmi Panta, bank branch manager Santosh Gyawali, recovery manager of the bank Nanda Raj Joshi and loan officer Rajendra Shrestha in connection with the Rs 48 crore fraud case. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":36945,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[90,96,123,126,129,147,150],"tags":[],"class_list":["post-36948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-en","category-premium-en","category-banking-update-en","category-banking-news-en","category-special-en","category-news-en","category-sifaris-en"],"acf":[],"jetpack_featured_media_url":"https:\/\/english.bankingsansar.com\/wp-content\/uploads\/2026\/08\/Prabhu-Bank-1.jpg","publishedDateNp":"\u096e \u092d\u093e\u0926\u094d\u0930 \u0968\u0966\u096e\u0969, \u0938\u094b\u092e\u092c\u093e\u0930 \u0967\u0967:\u0967\u096a","_links":{"self":[{"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/posts\/36948","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=36948"}],"version-history":[{"count":1,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/posts\/36948\/revisions"}],"predecessor-version":[{"id":36949,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/posts\/36948\/revisions\/36949"}],"wp:attachment":[{"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/media?parent=36948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/categories?post=36948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/tags?post=36948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}