Nepal Rastra Bank has directed five commercial banks to provide the details of Amit Agrawal and Abhishek Agrawal, the directors of Greenline Center, who are on the run after withdrawing more than Rs 1 billion from those banks.

According to sources, the Agrawal brothers had taken loans of almost Rs 250 million each from Nepal Investment Bank and Mega Bank. Likewise, Everest Bank and Global IME Bank had issued loans of Rs 220 million and Rs 190 million respectively to the duo. Nepal Bangladesh Bank had also loaned undisclosed sums of money to the brothers.

The two men took out the loans against business and stock collateral, which has backfired on the banks. The concerned banks have started searching for the Agrawal brothers’ assets.

The brothers had also taken loans against their house and land at Gyaneshwar and Kalimati. As they had taken multiple loans against the same collateral, it is not possible for a single bank to auction off the collateral.

Besides taking bank loans, the Agrawal brothers had also taken loans worth around Rs 500 million from various cooperatives and individuals. Many people have come forward claiming the Agrawal brothers owe them money.