Metropolitan Police Crime Division (MPCD) on Wednesday arrested a man on charge of defrauding a cooperative of Rs 2.95 million.
Madhu Sudan Kandel (33) from Kharelthok-2 of Kavre, currently residing in Kuleshwor, KMC-14, was arrested yesterday from Kuleshwor of Kathmandu.
Police said Kandel swindled the Agnijwala Saving and Credit Cooperative of the money.
He forged signatures of office-bearers of the company to swindle the money while he was working as the Vice-Chairperson and Account Chief of the company, according to police.
Cooperative’s Chairperson Baburam Pandey had filed a case against him with police.
MPCD handed him over to the Metropolitan Police Range Kathmandu for further action.