NIMB CEO Arrested From Sindhuli While Allegedly Trying To Escape With Mobile Phones Switched Off

Nepal Investment Mega Bank Limited CEO Jyotiprakash Pandey has been arrested in connection with the Smart Telecom scam case. A team from the Central Investigation Bureau (CIB) detained him on Wednesday after investigators found his alleged involvement in the illegal sale of government-owned assets to another company.

According to CIB, Pandey is accused of participating in activities that weakened the Nepal government’s ownership rights over assets connected to Smart Telecom. Authorities claim the transaction was carried out illegally after the telecom company’s license and infrastructure had already come under government control. Earlier, Palina Shrestha and Narendra Ulak had also been arrested in the same case. Police say investigations are continuing and more details are expected as the case moves forward.