Businessman Ichchha Raj Tamang found guilty of money laundering

KATHMANDU: The Special Court has found former businessman and Constituent Assembly Ichchha Raj Tamang guilty of money laundering.

A division bench of Special Court Chairman Tek Narayan Kunwar and Members Tej Narayan Singh Rai and Murari Babu Shrestha pronounced the verdict on Sunday. The Special Court had been hearing the case continuously since Tuesday. Tamang will be sentenced in the next hearing scheduled for February 4.

Department of Money Laundering Investigation (DMLI) had filed the case against Tamang, his wife Srijana Shakya Tamang, two daughters Pratikshya and Pratistha as well as two other family friends Keshav Lal Shrestha and Mina Kumari Shrestha, last year, seeking to recover Rs 3.31 billion earned illegally. The DMLI had said in its complaint that Ichha Raj kept the illegally earned money in the name of his family members.

The Special Court has also found Srijana Shakya Tamang, Keshav Lal Shrestha and Mina Kumari Shrestha guilty. It, however, acquired Ichchha Raj’s two daughters.