2 arrested in multi-crore scam in Nepal

Nepalese police have nabbed two brothers who had founded a local financial services firm that had swindled hundreds of millions of rupees from unsuspecting clients.
A special police team led by DSP Sudip Pathak of the Kathmandu Metropolitan Police apprehended Bishnu Bahadur Chhetri, 42, and Krishna Bahadur Chhetri, 47, of Parbat district from Kanchanpur near Nepal-India border on Thursday, Metropolitan Police Commissioner Bigyan Raj Sharma said.
The two founders of Unity Life International (ULI) had been absconding since May 10, 2010.
Bishnu was ULI managing director while his elder brother Krishna used to work as training director.
Nepal Police had issued an Interpol Red Corner Notice against them in January, 2012, for their arrest.

A court had sentenced the brothers to three years in jail and slapped a fine of Rs 25.52 million in its verdict of March 31, 2014.
ULI, a pyramid-type network scheme, had a total of 366,342 members across Nepal and abroad, and it had collected Rs 3.79 billion from them.
However, it had distributed only Rs 1.6 billion to the clients and invested the depositors' money in hospitals and real estate business.