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Deepak Manange held on fraud charges

KATHMANDU, APR 09 - Police on Tuesday arrested Kathmandu's notorious gangster Deepak Manange on banking fraud charges. Police said he issued a fake Himalayan Bank cheque to one Raj Nath Upadhyay around one month ago.

It is learnt that Manange had recently made a land transaction to the tune of Rs 19.1 million with Upadhyay.

"As part of the transaction, Manange had to pay Upadhyay Rs 2.5 million," said SP Ramesh Basnet who heads the legal department at the Kathmandu Metropolitan Police Range, Hanumandhoka.

After the cheque bounced, Upadhyay filed a complaint with the police, demanding that Manange be arrested under fraud charges, and he be compensated soonest.

MPR head SSP Rana Bahadur Chand said formal interrogations and investigations into the case will begin on Wednesday. "We just held him today," said SSP Chand. "Investigations are yet to begin."

According to SSP Chand, Manange, in his preliminary talks with police officials, claimed that the matter between him and Upadhyay has already been resolved.

Picked up from Thamel, Manange is currently under the Hanumandhoka police custody.

SP Basnet, meanwhile, said Manange could face legal action on two different charges if allegations against him are established and the two parties fail to reach an agreement. He could be booked for fraud and cheque bounce, the latter falling under banking crime.

"Both the parties are yet to hold talks and it is yet to be seen if they can settle the issue amicably," SP Basnet said.

Manange, who is said to be recently engaged in the realty business, operates a number of discos and dance bars in the Capital. Police have arrested him several times in the past in connection with gang wars, murder attempts and extortion.

Posted on: 2013-04-09 11:59