Kathmandu. KATHMANDU: The Kathmandu District Court has sought bail from businessman Shekhar Golchha, who has been charged under the Insurance Act and Securities Act-2063 BS.
A single bench of Justice Pratima Kumari Bhattarai issued the order to release Golchha on bail of Rs 10 million. The court has sought bail of Rs 10 million, including Rs 75 lakh in insurance and Rs 25 lakh in securities charge.
Earlier, the court had also sought bail from Deepak Bhatt and Shulabh Agrawal in the same case. The same court had sought Rs 20 million from Agrawal and Rs 1.5 crore from Bhatt for the insurance offence and Rs 2.30 crore from Agrawal and Rs 10 million from Bhatt in the securities offence.
| 082-C2-0088
(39-082-33384) |
2083-02-28 | Offences under Insurance Act 2079 | Letter from Nepal Insurance Authority, Kupandole, Lalitpur | Deepak Kumar Shrestha and 42 others | Issue Page 13 (Special) | Order >> Bail Demand | |||
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(39-082-33521) |
2083-02-28 | Offence under Securities Act, 2063 | Letter from Securities Board of Nepal Khumaltar Lalitpur | Nepal Micro Insurance Ltd. 81 including Sujal Malla, a member of the Investment Committee, | ” ” | Order >> Asking for Bail |
The district court has been issuing orders to release the accused one after another since July 12 after demanding bail against the accused in both the cases filed by the government on June 12.
He was arrested after a case was filed against him on the charge of misappropriating the amount of the company’s share investment by abusing his position as the chairman of the board of directors of Himalayan Reinsurance Company Limited.
