Tuesday, January 21st, 2025

Special Court convicts Lambodar Neupane on Money Laundering case


08 April 2024  

Time taken to read : < 1 Minute


  • A
  • A
  • A

KATHMANDU: Lambodar Neupane, the former president of Nepal Engineering College, has been convicted of money laundering.

The Special Court found him guilty of unlawfully retaining property in his account.

Furthermore, the court determined that he had unlawfully transferred the college’s assets to his personal account.

According to the ruling by the Special Judge, Lambodar had unlawfully embezzled Rs. 12,848,700.

The division bench of the special court, chaired by Teknarayan Kunwar and judged by Ram Bahadur Thapa, pronounced him guilty.

“It was also observed that he registered a private company in his name at the company registrar’s office, using the college’s name, and attempted to transfer the college’s movable and immovable assets and liabilities to that company,” stated the Court.

The special court concluded that the funds were misappropriated under the guise of salary allowances, vehicles, and other amenities.

 

 

Publish Date : 08 April 2024 08:09 AM

Prachanda predicts collapse of coalition govt

KATHMANDU: Maoist Center Chairman Pushpa Kamal Dahal has expressed doubts

CAN bans Sandeep Lamichhane for code of conduct violation

KATHMANDU: The Cricket Association of Nepal (CAN) has suspended star cricketer

Ashika Tamang remanded in custody for five more days

KATHMANDU: The District Administration Office, Kathmandu, has approved an additional five-day

Customs fraud seizures surge in Parsa as APF intensify operations

  KATHMANDU: The Armed Police Force (APF) has significantly increased

Nepal Micro Insurance opens IPO for overseas Nepali workers

KATHMANDU: Nepal Micro Insurance Limited has opened the sale of its