CIB of Nepal Police Arrests Second Individual in HyperFund Scam; Millions of Rupees Lost by Nepalis

KATHMANDU:  The Central Investigation Bureau (CIB) of the Nepal Police has apprehended a second individual in connection with the HyperFund scam, which has reportedly caused millions of rupees in losses for Nepalis both domestically and abroad. Superintendent of Police Hobindra Bogati, CIB Spokesperson and Information Officer, confirmed the arrest of Srikant Bhandari from Rukum on Wednesday.

This arrest follows the earlier detention of Nanu Ghimire, also known as Kajal, from Lalitpur, who was accused of participating in the fraudulent scheme. To date, the CIB has received complaints from 56 individuals, reporting a cumulative fraud of over Rs 79.5 million.

In response to the growing number of complaints, the CIB is preparing to issue a red corner notice through Interpol for those implicated by the victims’ reports. The CIB urges all individuals affected by the scam to come forward and register their complaints.

For the convenience of the victims, the CIB has established an online platform for lodging complaints. Affected parties can visit the official CIB website at [https://cib.nepalpolice.gov.np](https://cib.nepalpolice.gov.np) and submit their complaints via the provided Gmail IDs: [email protected] or [email protected].

This ongoing investigation highlights the CIB’s commitment to addressing financial crimes and ensuring justice for the victims of the HyperFund scam.