Ichchharaj receives 3-year jail, over Rs 1.72 billion fine

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Kathmandu, Feb 5: The Special Court has sentenced Ichchharaj Tamang, former Chairperson of Civil Cooperatives, to three years in jail and fined over Rs 1.72 billion after he was found guilty in money laundering case.

A bench comprising Chairperson of the Special Court Tek Narayan Kunwar and Justices Tejnarayan Singh Rai and Murari Babu Shrestha issued the verdict convicting Tamang on Sunday.

Tamang was in custody for investigation in the Civil Cooperatives scam. Although the court found him guilty on January 21, he was scheduled for appearance in the court today to determine the punishment.

The Court has also announced a year and half of imprisonment to Tamang’s wife Srijana Shakya and slapped a fine of over Rs 1.35 billion.

In the same case, the Court pronounced a verdict that Keshav Lal Shrestha will be put behind the bar for a year and half and over Rs 250 million has been sought as a recovery from the loss he caused.

All the properties owned by Ichchharaj Tamang, Srijana Shakya, Keshav Lal Shrestha, Meena Shrestha, Pratikshya Tamang and Pratistha Tamang shall be confiscated, the Court delivered in its verdict.

The Department of Money Laundering Investigation had filed a case against Ichchharaj, and six members of his family on September 1, 2022.