Kathmandu. Former Chief Executive Officer (CEO) of the Investment Board of Nepal (IBN) Sushil Bhatt has been arrested. Bhatt was arrested on Saturday night.

A team from the District Police Range, Kathmandu arrested him from Lalitpur.

Bhatta has been arrested for investigation under the Nepal Rastra Bank Act. According to sources, he was arrested after his transactions and connections with Inam Sapkota were linked.

He was arrested on the basis of the statement of Inam Sapkota, who was associated with former Chief Justice Cholendra Shumsher Rana Rana. According to the police, there is a connection with Sapkota.

According to sources, Sapkota has also been in telephone contact with Deepak who is lodged in Nakkhu jail.