Detention hearing in Swarnalaxmi Cooperative fraud case begins

KATHMANDU: Detention hearing in the Swarna Laxmi Cooperative fraud case involving former Home Minister and Rastriya Swatantra Party (RSP) President Rabi Lamichhane has begun at the Kathmandu District Court.

Lamichhane, who was released on a bail of Rs 6.5 million by the Kaski District Court on Thursday, had appeared before the Kathmandu District Court on Sunday morning. Although the district court completed recording statement from Lamcihhane,  the detention hearing could not be completed on Sunday.

Police have claimed in their investigation report that Rs 57.89 million from Sarnalaxmi Cooperative was siphoned to Gorkha Media Network. The District Government Attorney’s Office, Kathmandu, is seeking to recover the same amount in damages from the defendants, including Lamichhane.

Lamichhane served as the managing director of Gorkha Media Network before forming the RSP.