Kathmandu: Prominent share investor Dipendra Agrawal has been arrested by police from Tokha, Kathmandu on Monday, following allegations of fraud and criminal breach of trust.
According to Kathmandu Valley Police Chief Bhishma Adhikari, an arrest warrant had been issued against Agrawal by the court a few days ago. He was taken into custody and is currently under further investigation.
“Complaints were filed against Agrawal for fraud and criminal breach of trust, and the court had issued an arrest warrant earlier,” said Adhikari. “We arrested him today and have begun our investigation.”
Agrawal has long faced allegations of misleading individuals in the buying and selling of shares. He has been accused of influencing investors through various social media platforms and luring them into risky or manipulated trades, which later resulted in significant financial losses.
In particular, Agrawal is accused of encouraging people to buy shares of companies like Nepal Finance and then manipulating their prices, causing sharp fluctuations that trapped ordinary investors.
His activities have drawn criticism from the investment community, especially on platforms like Clubhouse, where he was actively involved in stock market discussions.
As complaints against him continued to rise, the Securities Board of Nepal (SEBON) had also placed him under surveillance for suspected market misconduct.
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