KATHMANDU, July 31: Police have arrested Ashok KC, the chairman of the Siddharthanagar-based Margadarshan Multipurpose Cooperative, on charges of misappropriating millions in depositor funds.
KC had been out of contact for nearly 15 months and was apprehended from Gaththaghar, Bhaktapur. The 34-year-old had been absconding since April 2024.
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Following an arrest warrant issued by the Rupandehi District Court, KC was accused of embezzling Rs 59.08 million from depositors.
KC is a resident of Melung Rural Municipality in Dolakha.
