8 held, including ex-general manager, over 120 million rupee loss to Dairy Development Corporation

Nepal Police have arrested eight people, including the former general manager of the state-owned Dairy Development Corporation (DDC), on charges of causing the corporation more than 120 million rupees in financial loss and taking illegal benefits.

The Central Investigation Bureau (CIB) of Nepal Police arrested the eight, including the corporation's then general manager, Jha. They are accused of causing the corporation a loss of more than 121.3 million rupees.

Those arrested have been accused of involvement in criminal breach of trust and organized crime. Police took them into custody on charges of committing irregularities within the corporation and taking illegal financial benefits.

The Dairy Development Corporation is a state-owned enterprise. Police say further investigation into the matter is underway.