The Central Investigation Bureau (CIB) of Nepal Police has arrested Srikant Bhandari in connection with the HyperFund scam, which has allegedly caused Nepalis both at home and abroad to lose millions of rupees. Bhandari was apprehended in Rukum on Wednesday, making him the second person arrested in the ongoing investigation.
Prior to Bhandari’s arrest, Nanu Ghimire, also known as Kajal, was detained in Lalitpur for his involvement in defrauding victims. The CIB has received complaints from 56 individuals, reporting fraud totaling approximately Rs 79.5 million linked to the scam.
In response to the growing number of complaints, the CIB is preparing to issue a red corner notice through Interpol against those named in the allegations. Authorities have urged anyone affected by the scam to file complaints with the CIB, which has also set up an online platform for registration.
The investigation continues as the CIB works to address the concerns of the victims and bring the alleged perpetrators to justice.