KATHMANDU: The former Chairman of the Civil Savings and Credit Cooperatives, Ichchharaj Tamang, has been found guilty in the money laundering case on Sunday.
Along with Tamang, his family members are found guilty in the case.
The final hearing on the money laundering case of former lawmaker and entrepreneur Ichchharaj Tamang, who has been embroiled in the cooperative fraud and banking irregularities case, commenced in the Special Court on Tuesday.
The chairman of the special court, Tek Narayan Kunwar, along with judges Tej Narayan Singh Rai and Muraribabu Shrestha, gave the verdict after the final hearing today.
The Department of Money Laundering Investigation had filed a case on September 1, 2022, against Tamang, the former chairman of the Civil Cooperative Society, and six members of his family.
The Department had filed a case of money laundering of NPR 3.318 billion against Tamang, his wife Srijana Shakya, two daughters Pratikshya and Pratisth, former chairman of the cooperative Keshav Lal Shrestha, and his wife, Binu Shrestha. They were accused of illegal accumulation of wealth.
Earlier, District Attorney’s Office, Kathmandu filed a case against 43 people, including Ichchharaj arrested on fraud charges.
Based on the Central Investigation Bureau (CIB), the attorney’s office registered the case demanding Tamang eight years in prison and a fine on the basis of the loss caused by his fraud of Rs 5.59 billion.
Tamang, on the other hand, had given a statement to the government prosecutor’s office that he is not responsible for returning the money to the depositors.
During the district court hearings in Kathmandu, Tamang had reportedly tried to bribe the judge.
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