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Former DDC general manager among eight detained in major financial fraud case

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KATHMANDU: Eight individuals, including the former general manager, have been arrested on charges of financial irregularities amounting to Rs 121 million at the Dairy Development Corporation (DDC).

The Central Investigation Bureau (CIB) of Nepal Police made the arrests.

According to the CIB, preliminary investigations confirmed that the former general manager, high-level officials, cold storage center heads, and other employees colluded to establish an organized network for illicit personal gain.

Among those arrested is Sanjeev Jha, the former general manager who was currently serving as the head of the administration and management department.

Similarly, former cold storage center in-charges Bijay Kumar Yadav, Manhari Sharma, Ram Kewal Raya and employees Jitendra Kumar Yadav, Nabin Raya Yadav, Shivanandan Raya and Bikha Bahadur Bhandari were arrested.

According to CIB Deputy Spokesperson and Information Officer Yogendra Kumar Khadka, they were arrested from various locations on October 30, 2026, after obtaining permission from the Kathmandu District Court.

Cases have been advanced against those arrested under “Criminal Breach of Trust” of the Criminal Code, 2017 and the Prevention of Organized Crime Act, 2014.