Tilottama, July 31 -- Ashok KC, chairperson of Margadarshan Multipurpose Cooperative Limited based in ward 5 of Siddharthanagar Municipality, Rupandehi district, has been arrested on charges of embezzling over Rs59 million of depositors.

KC, a 34-year-old permanent resident of Melung Rural Municipality in Dolakha, was taken into custody on Wednesday evening, according to Deputy Superintendent of Police Ganesh Sapkota, spokesperson for the District Police Office, Rupandehi.

According to DSP Sapkota, KC was arrested by Bhaktapur police from ward 3 of Madhyapur Thimi Municipality.

KC had been on the run since May 3 after a case was filed against him under cooperative fraud and criminal offences related to fraud. Police say a warrant had b...