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The Supreme Court has refused to order according to the petition filed by Ichcharaj Tamang, the owner of the civil cooperative, to cancel the imprisonment imposed by the High Court in the case of organized crime and fraud.
Tamang's release came to an end when the decision of the higher court to send Tamang to prison was confirmed in the 'other order' made by the joint bench of judges Nahkul Subedi and Abdul Aziz Muslim on Friday.
Tamang, who is also a former Member of Parliament, filed a petition in the Supreme Court on March 25, 2080 saying that it was not fair to keep him in prison. Tamang, who was imprisoned for the serious crime of financial irregularities and co-operative fraud, embezzled the money of the savers of the civil co-operative. Using political influence and social reach, he managed the funds of thousands of middle and low income people through civil cooperatives.
A large number of savers who had been brought into cooperatives with the promise of high returns and financial security were taken into legal action against him. Tamang was arrested on the basis of a depositor's complaint after the cooperative department and other regulatory bodies started an investigation.
