https://myrepublica.nagariknetwork.com/news/special-court-convicts-two-individuals-of-money-laundering/

KATHMANDU, Jan 1: The Special Court has convicted two individuals of money laundering. The Special Court decided that Pramod Kumar Jaiswal is guilty of illegal money laundering and will be imprisoned for eight years along with a fine of Rs 830 million.

The bench of Chairman Teknarayan Kunwar, members Ram Bahadur Thapa and Muraribabu Shrestha delivered the verdict on Monday. The Special Court convicted him on December 20.

According to spokesperson Dhan Bahadur Karki, Jaiswal is required to pay compensation of Rs 415.1 million and a fine of Rs 833 million. Another individual involved in the same incident, Pappu Thakur, has been sentenced to five years in prison. Pappu is also obligated to pay a compensation of Rs 367 million and a fine of Rs 734 million.

On April 14, 2020, the Department of Money Laundering Investigation (DoMLI) filed a case against five people, including two commercial bank employees, on the charge of money laundering by showing a fake transaction of buying potatoes and onions. They were accused of laundering amount worth Rs 415.1 million.

The DoMLI had filed a case against five individuals including the former branch manager of Nepal SBI Bank Parsa, Rampur branch, Bibah Chaudhary, and the head of the same bank's Birgunj branch, Jeewanbabu Subedi.

Similarly, Indian citizens Pramod Kumar Jaiswal, Pappu Thakur, and Shree Lal Rauniyar were also found guilty in the case. Departmental action was taken against 10 employees of the bank, resulting in the acquittal of all except Jaiswal and Thakur.