KATHMANDU, FEBRUARY 5: The Special Court has sentenced Ichchharaj Tamang to three years in jail and fined over Rs 1.72 billion after he was found guilty in a money laundering case. A bench comprising Chairperson of the Special Court Tek Narayan Kunwar and Justices Tejnarayan Singh Rai and Murari Babu Shrestha yesterday issued the verdict convicting Tamang.
The Court, determining the punishment, pronounced the verdict, finding Tamang guilty. Tamang was in custody for investigation into the Civil Cooperatives scam. Although the court found him guilty on January 21, he was scheduled for an appearance in court today to determine the punishment.
The Court has also announced a year and a half of imprisonment for 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 would be put behind bars for a year and a 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 filed a case against former Chairperson of Civil Cooperatives, Ichchharaj, and six members of his family on September 1, 2022.