Former ANFA President Karma Tsering Sherpa Arrested in Rs 87.8 Million Fraud Case
KATHMANDU- Nepal Police have arrested Karma Tsering Sherpa, the former president of the All Nepal Football Association (ANFA), in connection with a major financial fraud investigation involving Tungaram International Academy in Hattigauda.
Sherpa was taken into custody on Friday evening by a team from the Central Investigation Bureau (CIB). According to CIB spokesperson and Senior Superintendent of Police Anup Shumsher J.B. Rana, Sherpa is accused of misappropriating school funds and causing significant financial losses while serving as the institution’s executive head.
Investigators say Sherpa operated the school’s bank account with single‑signature authority, allowing him to make unauthorized withdrawals and financial decisions without proper oversight.
Police reports outline several allegations, including:
• Misusing school funds for personal benefit
• Selling school‑owned land to companies linked to him
• Purchasing land and vehicles using money meant for school operations
• Violating fiduciary responsibilities and breaching institutional trust
Nepal , CIB officials confirmed that the investigation is ongoing, with additional financial documents, land records, and witness statements currently under review.
His Past Recognition in New York
Before the current legal case, Sherpa had been recognized internationally for his involvement in Nepali sports. In October 2019, the United Sherpa Association (USA), Inc. in New York presented him with a Certificate of Appreciation during a community event.
The certificate acknowledged:
• His role as President of ANFA
• His contribution to the culture of youth sports
• His engagement with the Sherpa community during his visit to New York
Photos from the event show Sherpa receiving the framed certificate while wearing traditional Sherpa scarves, highlighting his connection to the Sherpa diaspora in the United States.
Karma Tsering Sherpa has long been a prominent figure in Nepali football administration and has maintained ties with Nepali communities abroad. His arrest marks one of the most high‑profile financial crime cases involving a Nepali sports official in recent years.
Police say further updates will be released as the investigation progresses.