A court has issued an arrest warrant against Prabhu Bank Chief Executive Officer Suman Sharma and three others in a case involving alleged fraud and criminal breach of trust. Sharma has reportedly been absconding since learning on Wednesday that police planned to arrest him, and reports say he hid in Birgunj for four days.
The warrant has prompted debate within Prabhu Bank over whether Sharma should be suspended. The bank's board is divided on the issue, with one director saying the law must be followed and the chairman arguing that the bank should consult Nepal Rastra Bank (NRB).
Prabhu Bank board divided over suspension
The board has yet to reach a shared position on Sharma's status. One director has said the bank must act in accordance with the law, while the chairman has said NRB should be consulted before a decision is made.
Prabhu Bank information officer Rabindra Dhakal had said the bank knew nothing about the matter.
