Kathmandu District Court has granted police permission to keep Dipendra Agrawal in custody for four more days to continue investigation into a fraud and criminal breach of trust case. Agrawal, who was arrested from Tokha on Monday, was initially placed under a 3-day remand. The court then extended it by one day on Thursday, and again added four more days after his appearance on Friday.
Dipendra Agrawal Case
Dipendra Agrawal is accused of cheating investors out of nearly Rs. 22 crore through a share market scam. One of the victims, Dinesh Prasad Sah from Janakpur, says Agrawal tricked him into giving around Rs. 6.45 crore by promising to give him company shares.
Police say Agrawal bought cheap shares and then used social media to convince people to buy those shares, saying their prices would go up. When many investors started buying, he sold his shares at a profit. After that, the share prices dropped, and investors faced big losses.
Two more suspects on the run
According to police, two other individuals are also believed to be involved in the case. However, both are currently absconding, and a search operation is underway to locate them.
