Ichchha Raj Tamang gets 5.5-year jail term in Civil Cooperative fraud case
Summary
Ichchha Raj Tamang has been sentenced to five years and six months in prison and fined Rs 50,000 in the Civil Savings and Credit Cooperative fraud and organized crime case. Several other defendants also received prison terms and fines, while the court ordered Rs 5.67 billion in damages to be recovered on a pro-rata basis.
Key Points
- Ichchha Raj Tamang, promoter of Civil Savings and Credit Cooperative Limited, was sentenced to five years and six months in prison and fined Rs 50,000.
- The Kathmandu District Court convicted Tamang and other defendants of fraud and organized crime and ordered recovery of Rs 5.67 billion in damages on a pro-rata basis.
- Several co-defendants, including Tamang’s wife Sirjana Shakya (Tamang), received prison terms and fines ranging from five months to one year.
- Tamang had earlier been convicted in a money laundering case and sentenced to three years in prison by the Special Court.
