Rabi Lamichhane Granted Bail Again in Swarnalakshmi Cooperative Fraud Case
Rabi Lamichhane Granted Bail Again in Swarnalakshmi Cooperative Fraud Case
In Kathmandu, Nepal, the District Court has granted bail to Rabi Lamichhane, former Deputy Prime Minister and founder of the Rastriya Swantratra Party, in connection with the Swarnalakshmi Cooperative fraud case. Lamichhane is accused of misappropriating Rs 1.19 billion alongside 38 accomplices. He was released on a bail of NRs 6 million. This is the second time he has been released on bail for cooperative fraud, following a similar case in Pokhara.
Justice Madhav Prasad Adhikari ordered Lamichhane's release, confirming the bail amount. Previously, Lamichhane was arrested in the Suryadarshan Cooperative fraud case and released after 84 days on a bail of NRs 6.5 million. The charges involve cooperative fraud and organized financial crimes, with allegations of diverting funds to the Gorkha Media Network, which operated the now-defunct Galaxy 4K Television.
Investigations have expanded to other districts, including Rupandehi, Chitwan, and Parsa, focusing on systematic embezzlement. Lamichhane has pledged to cooperate with ongoing investigations.
Doubts Revealed
Rabi Lamichhane
Rabi Lamichhane is a politician from Nepal who was once the Deputy Prime Minister of the country. He is currently involved in a legal case related to financial fraud.
Bail
Bail is a legal term where a person accused of a crime can be released from jail temporarily by paying a certain amount of money. This money acts as a promise that the person will return for their court hearings.
Swarnalakshmi Cooperative
Swarnalakshmi Cooperative is a financial organization in Nepal. It is involved in a legal case where it is accused of financial fraud, which means cheating people out of money.
Fraud Case
A fraud case is a legal situation where someone is accused of cheating or deceiving others to gain money or benefits. In this case, it involves a large amount of money being misused.
Misappropriating
Misappropriating means using money or resources in a wrong or illegal way. In this case, it refers to taking money from the cooperative and using it for personal gain.
NRs 6 million
NRs 6 million refers to 6 million Nepalese Rupees, which is the currency of Nepal. It is the amount Rabi Lamichhane had to pay to be released on bail.
Pokhara
Pokhara is a city in Nepal, known for its beautiful lakes and mountains. It is mentioned here because Rabi Lamichhane was previously released on bail in a similar case there.
Cooperative Fraud
Cooperative fraud involves cheating or stealing money from a cooperative, which is a group of people who work together to manage resources or businesses.
Organized Financial Crimes
Organized financial crimes are illegal activities planned and carried out by a group of people to steal or misuse money. These crimes are often complex and involve large sums of money.
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