Thursday, 9 May, 2024
By TRN Online, Kathmandu, Jan. 28: The Supreme Court has ordered to release Umashankar Raybhar on bail of Rs. 25,000.
A joint bench of SC justices Bishwambhar Prasad Shrestha and Sapana Pradhan Malla nullified the order of the Patan High Court that had slapped a bail of Rs. 7.5 million on Raybhar.
Raybhar was in prison since the High Court decision on Mar 1, 2021, for he could not deposit the bail as demanded by the court.
Raybhar was charged with tax evasion because his citizenship certificate was misused to establish different companies and thus evade tax.
A case was filed against him for the same accusing him of tax evasion of Rs. 280 million.
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