Ravi Lamichhane, the then managing director of Gorkha Media Network Pvt Ltd, who was prosecuted for defrauding the savings of the Sahara Chitwan Multi-Purpose Cooperative, has been released after paying a bail of Rs 54 lakh. Lamichhane was released on the guarantee of Prabhu Bank after the order issued by the Chitwan court on Thursday.

District Judge Dayaram Dhakal ordered that Lamichhane be bailed saying that it is not yet possible to say that Lamichhane was not involved in the crime. Although Lamichhane gave a denial statement in the Chitwan court, it is mentioned in the order that he admitted to being a shareholder and managing director of Gorkha Media and issuing many checks during his tenure. 

It was seen from the copy of the check attached to the missile that it was mentioned in the statement that those checks were issued following the instructions of Geetendrababu Rai, Rai was also a defendant in the original case, and that the money came from Sahara Chitwan Multi-Purpose Cooperative Organization to Gorkha Media. 

Judge Dhakal also wrote in the order that the whistleblower claimed that Lamichhane had cheated. Judge Dhakal has mentioned that co-defendants Chabilal Joshi and Kumar Ramtel had also questioned the defendant Lamichhane before the investigating officer, Shailendra Regmi and Arjun Shrestha, who documented the incident on occasion, and ordered the bail to be taken on the basis of the immediately received evidence of the warrant bond attached to the original missile. 

Chitwan District Court Information Officer Amrit Bishwakarma said that the order was issued on Thursday after Lamichhane, who appeared in court on Wednesday, was detained and debated for two days. 

The victim saver of Sahara Cooperative filed a complaint of savings fraud in Chitwan Police on 080 Oct 9. Before that, they had been running various pressure campaigns for refund. A case was filed against 17 people including Geetendra Babu (GB) Rai on October 8 after the deadline passed.