Kathmandu. Police have arrested one more person for allegedly causing a financial loss of more than Rs 12.13 crore to the government-owned Dairy Development Corporation (DDC).

The Central Investigation Bureau (CIB) of Nepal Police has arrested Nabin Kishor Sharma on Thursday.

Police have arrested Sharma, 45, of Ramnagar Rural Municipality-3 in Sarlahi district, currently living in Bhaisepati, Lalitpur Metropolitan City-25.

According to the CIB, preliminary evidence has been established that they have caused financial loss to DDC to the tune of Rs 12,13,43,530 and the same amount was illegally availed.

The CIB investigation has revealed that there was a collusion between the high-level officials and employees to destroy DDC financially.

According to the CIB, it has been found that illegal financial benefits were obtained through an organized network by forming various groups with the involvement of the then general manager, high-level administrative officials, chief of the cooling center and other employees.

CIB Spokesperson Anupam Shumsher Rana said Sharma is being investigated under the Criminal Code, 2074 BS and the Organized Crime Prevention Act, 2070.