The court has remanded former Home Minister Rabi Lamichhane to five additional days in custody for investigation.
This is the 7th time the remand of Lamichhane, the president of Rastriya Swatantra Party (RSP) has been extended. He was arrested in Kathmandu on October 18 for investigation into his alleged involvement in the embezzlement of funds of Pokhara-based Suryadarshan Cooperative.
Following the hearing on the remand extension case, a bench of District Judge Chandra Kanta Paudel on Thursday allowed the police to keep Lamichhane for five more days in custody for investigation.
The police have been investigating Lamichhane on the embezzlements of funds from five cooperatives, an organized crime and money laundering.
Following his arrest on October 18, Lamichhane's statements have been recorded on embezzlements of funds of cooperatives in Butwal, Kathmandu, Chitwan and Parsa.
Lamichhane has been accused of misappropriating funds from Surydarshan (Pokhara), Suprme (Butwal), Swarnalakshi (Kathmandu), Sahara (Chitwan) and Sano Paila (Parsa).
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