“A process has begun to bring the absconding Karki back home or to file a case against him in the respective hideout country,” said DIG Hemanta Malla, chief of the Bureau.
Karki, who is a former managing director of Capital Merchant and Finance Company, is said to be hiding in Texas of the United States of America after embezzling cash amount of several innocent depositors.
Police investigators said that Karki had lured hundreds of victims to invest in more than 42 fake business firms and companies.
The fraudster, who is said to be operating departmental stores, has also invested in real estate business, gas stations among others in the USA with the money embezzled in Nepal.
After the Red Corner Notice was issued, the CIB has also intensified investigation on the means and medium of the embezzled money transferred from Nepal to the USA. Police reports claim that the money was transferred via hundi, an illegal means of transferring money.
“Few clues and suspects involved in the money transfer are under police scanner but the result is yet to come out,” DIG Malla said.
Earlier, the INTERPOL had also issued a Diffusion Notice against Karki soon after the Patan Appellate Court's verdict against him in 2014, but the police failed to bring Karki back after the authorities in the USA refused to extradite him citing absence of extradition treaty between Nepal and the USA. The American authorities had then clarified that there was no legal base to hand over any citizen living in their territory legally.
The appellate court had convicted Karki of providing loans without good collateral. Following Karki's involvement in the financial crimes, the enforcement agencies so far have imprisoned his father-in-law Shambhu Bahadur KC, a former managing director of a finance company, along with other two people. Karki, who was CEO of the company during 2002 to 2006, has taken all of his family members to the USA along with him. His wife, who had reached the USA under the DV lottery scheme, has already acquired permanent residency (PR) of the USA.
Pankaj Joshi wanted by the INTERPOL
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This guy really messed up his life for his greed
Fugitive Wanted For Stealing Lotto Ticket May Be In Nepal
Updated: Thursday, July 2 2015, 09:21 PM CDT
A Texas fugitive is also being sought by the International Criminal Police Organization, or INTERPOL. Pankaj Joshi is wanted for fraud and investigators say he may have fled to his native Nepal. Pankaj Joshi made headlines in 2009 when investigators say he stole a million dollar lottery ticket.
"It was unbelievable that happened and that I had the winning ticket," said Willis Willis, the man investigators say rightfully owned the winning ticket. Investigators say in the summer of 2009, Willis handed his ticket over to Pankaj Joshi, the clerk at the Lucky Food Store in Grand Prairie, Texas. "In the course of Mr. Willis presenting a ticket to see if his numbers matched a winning set of lottery numbers, Joshi ran the numbers through the system and the ticket resulted in a winning ticket, a $1 million payout," says Lone Star Fugitive Task Force Commander Hector Gomez.
But instead of telling Willis the good news, investigators say Joshi kept the million dollar ticket and cashed it in to the Texas Lottery Commission and then left the country. "Joshi was in transit to various countries, I assume, in an effort to return to Nepal and the last place that we are aware that he landed was Bangkok, Thailand," says Gomez. Now, Joshie is an INTERPOL red notice fugitive. That means that 190 countries are looking for him so he can be extradited back to the United States. "Pankaj Joshi, if convicted, is looking at a maximum penalty of 20 years in the Texas Department of corrections," says Gomez. As for the victim, Willis Willis, he ended up getting about half his money, cash seized from Joshi's bank accounts and relatives. If you have any information that can help U.S. Marshals track down Joshi, call the Lone Star Fugitive Task Force tip line at (512) 800-4213. (Photo from the Lone Star Fugitive Task Force.) By Lydia Pantazes
Read More at: http://www.keyetv.com/news/features/top-stories/stories/texas-fugitive-wanted-stealing-lotto-ticket-may-nepal-26844.shtml
Read More at: http://www.keyetv.com/news/features/top-stories/stories/texas-fugitive-wanted-stealing-lotto-ticket-may-nepal-26844.shtml
http://myrepublica.com/politics/story/35231/interpol-issues-red-corner-notice-against-banking-fraudsterkarki.html
INTERPOL issues Red Corner Notice against banking fraudster Karki
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KATHMANDU, Jan 18: Upon the request of the Central Investigation Bureau (CIB) of Nepal Police, the INTERPOL has issued a Red Corner Notice against Pawan Kumar Karki, a convicted banking fraudster, in connection with committing fraud of Rs 3.6 billion between 2008 to 2012.
CIB officials said that the INTERPOL headquarters in France issued the Red Corner Notice against Karki on the request of the Bureau on January 7. The move comes after the Kathmandu District Court issued an arrest warrant last December. Karki has been absconding ever since he was convicted of the crime.
CIB officials said that the INTERPOL headquarters in France issued the Red Corner Notice against Karki on the request of the Bureau on January 7. The move comes after the Kathmandu District Court issued an arrest warrant last December. Karki has been absconding ever since he was convicted of the crime.
AND WHY SHOULD NEPAL EXTRADITE PANKAJ JOSHI WHEN USA REFUSED TO EXTRADITE THIS CRIMINAL?
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