Kathmandu: Shashikiran Shrestha, a former Deputy Manager of Nepal Bank Limited convicted of corruption, was apprehended on Friday after 13 years. The arrest was made by a team from the Swayambhu Police Circle.

Shrestha was found guilty of misusing his authority during his tenure at Nepal Bank, causing financial losses of Rs. 398.93 million to the institution through irregular loan disbursements.

Conviction and Legal Proceedings

The Special Court in Kathmandu had sentenced Shrestha and other accomplices, including borrower Laxmi Prasad Acharya, to six months of imprisonment for each of two separate corruption cases on September 23, 2011 (Bhadra 6, 2068 BS).

The Supreme Court upheld the verdict on October 11, 2016 (Ashoj 25, 2073 BS), through a bench comprising Justices Bishwambhar Prasad Shrestha and Anand Mohan Bhattarai.

Shrestha’s arrest after over a decade reinforces ongoing efforts to bring long-pending corruption cases to resolution.