Padma Colony, Padma Merchant and its owner Rajuprasad Kandel were fined 23 million each, Kandel was imprisoned for 8 years.
Mohan Bahadur Basnet, the suspended mayor of Nagarjuna municipality, has been sentenced to 11 years imprisonment in the case of wealth laundering and corruption. Similarly, a fine of 31 million 18 million 62 thousand 178 rupees has been sentenced.
Judge Teknarayan Kunwar and another judge Ram Bahadur Thapako Ijalas of the special court in the case related to money laundering and corruption filed by the Commission for Investigation of Abuse of Authority fixed the sentence on Monday for finding Basnet guilty on June 6. Convicted Basnet was elected mayor by the Congress in the local elections of 2074 and 2079.
Determining the punishment, he was sentenced to a fine of 23 million 61 thousand 508 rupees and 8 years imprisonment for the crime of taking bribe from a businessman. He has been sentenced to 3 more months of imprisonment for abusing the position of mayor. Similarly, he was fined 26 million 25 million 46 thousand 64 rupees twice as much as 13 million 12 million 73 thousand 32 rupees for the purpose of asset laundering.
The court has imposed an additional 3 years of imprisonment for asset laundering . Similarly, the court also imposed a penalty of Rs.
Similarly, the court has also ordered that 1 crore 5 lakh 1 thousand 42 rupees be deposited in the crime victims' relief fund from Basnet.
President of Padma Colony Pvt Ltd and Padma Merchant Rajuprasad Kandel and his organization have been ordered to deposit 922,460 rupees in the crime victims' relief fund for the crime of bribing Baste.
On June 6, the Special Prosecutor found guilty of taking a bribe of Rs.
The Abuse of Authority Investigation Commission filed an asset laundering case in the special court on December 14, 2081, with mayor Basnet and businessman Kandel as defendants. In closing the same case, the special judge convicted both of them . The special court has set a date for sentencing on June 16. The authority had filed a case against Basnet, along with his wife Urmila, on the charge of taking bribe money from real estate businessman Raju Prasad Kandel and purifying it. The special has given clarification to Urmila Basnet.
It was mentioned in the indictment filed by the authority that Basnet had misused his public position to purify the bribe taken from Kandel and invested it elsewhere. Basnet was elected Mayor from Congress in both local level elections in 2074 and 2079. Kandel is the director of Padma Colony Pvt Ltd and Padma Merchant Company Pvt Ltd. He has also been found guilty in a case of the same date filed against Mayor Basnet in the bribery case of Rs. 922 million 46032.
On the charge of laundering the bribe taken from the businessman Kandel, the authority had imposed a penalty of Rs.
Basnet misused the position of the city head and was accused of giving tax exemptions to Jagatguru Kripalu Foundation Nepal under various headings with the intention of taking bribes from Kandel, the president of Jagatguru Kripalu Foundation Nepal, the house/land businessman Padma Colony Pvt. Ltd./Padma Merchant Company Pvt. Pvt. and Jagatguru Kripalu Foundation Nepal, which has an area of operation in Nagarjuna municipality.
Likewise, it was revealed from the investigation that 'the institution made an agreement to provide land to the defendant Rajuprasad Kandel and his companies to construct a temple within Nagarjuna municipality, to implement the same agreement, to make the agreement with the landowners and to sell the land plotting for the construction of the temple'.
It is mentioned in the indictment of the authority that Padma Colony paid only 189.4 million 18 thousand 448 rupees for the land with a market value of 47 million 75 million rupees and the remaining amount was managed by mayor Basnet and businessman Kandel in collusion.
It was found that Mayor Basnet brought the bribe money into his and his wife's account and purified it, and it was also found that the land that was going to be purchased for the temple to be built by Jagatguru Kripalu Pratishthan Nepal was also distributed to local people. For that, Basnet took 3 crore 72 thousand rupees from various people in his bank account .
