Update 15:34 PM
The CIB has made public a list of people arrested in the case:
| Name | Designation | |
| 1. | Bishnu Prasad Dhital | Chairman of Apex Development Bank |
| 2. | Ichha Bahadur Gurung | Board member of Apex Development Bank |
| 3. | Subarna Rajbhandari | “ |
| 4 | Madhuban Lal Shrestha | “ |
| 5. | Rishi Raj Bhatta | CEO of Apex Development Bank |
| 6. | Durga Datta Joshi | Senior Manager of Apex Development Bank |
| 7. | Ram Chandra Basaula | Assistant Manager of Apex Development Bank |
| 8. | Bikash Shrestha | Branch Manager of Apex Development Bank |
| 9. | Sagar Neupane | “ |
| 10. | Man B Raut | “ |
| 11. | Binit Mani Upadhyay | Assistant General Manager of Apex Development Bank |
| 12. | Mohan Kharel | Credit officer of Apex Development Bank |
| 13. | Sudeep Thapa | Branch Manager of Apex Development Bank |
Kathmandu, March 16
Nepal Police’s Central Investigation Bureau raided Nepal Credit and Commerce Bank’s central office in Kathmandu and arrested 13 officials on Friday morning.
According to sources, the raid was carried out as members of the board were conducting a meeting. Sources say that the bank had blipped CIB’s scanner after reports said that more than Rs 2 billion was embezzled during the merger between NCC Bank and Apex Development Bank a few months ago. It has been learnt that Apex Development Bank had issued a loan worth over Rs 2 billion by keeping a plot of land located on the banks of a river as collateral.
However, the CIB has not made public the names of the officials arrested and the charges leveled against them.
