Kathmandu court denies remand for industrialist Golchha
Summary
Kathmandu District Court denied custody extension for industrialist Shekhar Golchha during an ongoing investigation under the Securities Act. The Central Investigation Bureau must continue probing without detention.
Key Points
- Kathmandu District Court refused to keep industrialist Shekhar Golchha in custody for further investigation.
- The decision aligns with the Supreme Court's order to investigate Golchha on bail or guarantee, not detention.
- Golchha had already provided bail of Rs 500,000 to the Central Investigation Bureau.
- The case involves alleged offenses under the Securities Act, but police originally sought remand for a separate insurance-related offense.
