Ichchha Raj Tamang fined Rs 1.72 billion, handed three-year prison term

Himal Press 04 Feb 2024
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Ichchha Raj Tamang fined Rs 1.72 billion, handed three-year prison term

KATHMANDU: The Special Court has handed a fine of Rs 1.72 billion and a prison term of three years on former Constituent Assembly member and promoter of Civil Saving and Credit Cooperatives Ltd, Ichchha Raj Tamang.

His wife, Srijana Shakya, has been fined Rs 1.03 billion and sentenced to one year and three months in jail. Similarly, the then chairman of Civil, Keshav Lal Shrestha, has been ordered to pay a fine of Rs 256.58 million and serve 18 years in prison.

A division bench of Special Court Chairman Tek Narayan Kunwar and Members Tej Narayan Singh Rai and Murari Babu Shrestha found the three guilty of money laundering charges last week.

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 Tamang kept the illegally earned money in the name of his family members.


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