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Piyush Bahadur Amatya Under Police Custody
Issue 32, August 07, 2011
By KTM Metro Reporter
August 1, 2011: the Nepal Police has taken the famous industrialist and entrepreneur Piyush Bahadur Amatya under custody for defaulting on the bank loans his family members and he has taken from different banks, ‘Gorkhapatra’ of today writes. He has defaulted on the loan of Rs 40 million taken from the Himalayan Bank and Nepal Bank.
Mr. Amatya is a well-known industrialist and is the owner of one of the most luxurious hotel called Fulbari in Pokhara. He is the chairman of the Amatya Enterprise: the sole distributor of the Misubishi cars in Nepal. He has many other industries and businesses in Nepal.
The Nepal Police have confirmed his arrest in Kathmandu.
