Bhandari, who had been on the run in connection with the Miteri Cooperative fraud case, has been brought back to Nepal from Cambodia.

Kathmandu, June 19 – Jyoti Bahadur Bhandari, the main accused in a major fraud involving Miteri Savings and Credit Cooperative, has been arrested in Cambodia and brought back to Nepal, according to the Central Investigation Bureau (CIB) of Nepal Police.

Bhandari, 42, from Bardiya, is accused of cheating 144 depositors and shareholders out of more than Rs 140 million. He had fled the country to avoid facing legal action. His arrest and return were made possible through coordination by a special team from Nepal Police Headquarters.

Police said Bhandari had been on the run for a long time and was operating through another accused, Jyoti Gurung, who is also on the run in connection with the same case.

An Interpol Red Notice had been issued against Bhandari on October 29, 2025. He was brought back to Nepal on Wednesday and will face charges under Chapter 21, Section 249, and Chapter 25, Section 257 of the Criminal Code, 2074. Police said further investigation is underway.

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