Kathmandu. The District Government Attorney’s Office, Banke, has filed a case against 109 people in connection with the Karnali Development Bank scam.

The Government Attorney’s Office has filed a case against 109 people demanding Rs 3.20 billion in damages. Of the 109 people booked, four have been arrested and two have died. 103 people are still absconding.

The arrestees have been identified as Rajendra Bir Raya, 65, chief executive officer of Karnali Development Bank, a permanent resident of Salyan Sharda Municipality-3 and currently residing in Nepalgunj Sub-Metropolitan City-20 in Banke district.

Similarly, 40-year-old Bed Prakash Singh Thakuri, chief financial officer of Karnali Development Bank, is a resident of Khajura rural municipality-1 in Banke and currently residing in Nepalgunj sub-metropolis-19.

Similarly, Pashupati Dayal Mishra, 65, the then chairman of the Board of Directors of Karnali Development Bank, a permanent resident of Nepalgunj Sub-Metropolitan City-4 in Banke district, and Bhuvan Basnet, 61, of Adarsha Colony of Kathmandu Tokha Municipality-10, who is a permanent resident of Mahendranagar-3 in Sunsari district, have been arrested.

The Central Investigation Bureau (CIB) of Nepal Police has concluded that the scam took place in connivance with the bank’s former chairman, former CEO, directors and employees. The Bureau had submitted the district government lawyer to Banke on July 14.