Kathmandu, Oct 27-The Special Court has slapped a bail amount of Rs 25 million on a senior bank official with the state-run bank on corruption charges.
The court on Wednesday demanded a bail of Rs 25 million from Jalan Kumar Sharma, then acting manager at the Agricultural Development Bank, Nepal central office. The Commission for the Investigation of the Abuse of Authority (CIAA)—a constitutional body—had charge-sheeted Sharma on charge of corruption.
The court order came in response to a hearing whether to remand Sharma in judicial custody on corruption cases filed against nine persons including him by the CIAA on charges of issuing and taking loans illegally.
Sharma was sent into custody after he failed to post the bail amount demanded by the court.
The Commission had charge-sheeted them of embezzling Rs 100.1 million with a mal-intention between vehicle suppliers and the bank officials while issuing and taking loans last month. The other defendants on the case include deputy-managing director Ramchandra Maharjan, department chief Bharat Kumar Pokhrel and section officer Gopal Prasad Ghimire.
Similarly, vehicle suppliers of Kathmandu Tuk Tuk Pvt. Ltd., Jagarnath Prasad Sonar, Saroj Sharraf and Rabindra Sarraf, and Anita Sharraf and Koshila Sonarin of Anita Electrical and Mechanical Pvt. Ltd were also made the defendants.