KATHMANDU, Aug. 12: Lalitpur District Court on Sunday remanded four office bearers including main proprietor of Unity International Kashi Ram Gurung to judicial custody, on the charge of defrauding people through the networking business.
Judge Babu Raja Karki issued an order to this end on Sunday after conducting a hearing on whether the accused should be sent to judicial custody for further investigation.
Four cases including a case of networking business fraud has been filed against Gurung and his accomplices. Others are related to revenue leakage, financial transactions without permission and unauthorized operation of banks.
In addition to being remanded to custody, Gurung has been asked to deposit a bail of Rs. 2.5 million, said record keeper at the district court, Ramesh Prasad Gyawali.
The sleuths mobilized from the Metropolitan Police Sector, Lalitpur and Crime Investigation Branch of Nepal Police had arrested Gurung from Pashupatinagar of Ilam 10 days ago. He had been absconding after cases were filed against him two years ago.
Accomplices Bhim Bahadur Gurung, Netra Rajbansi, Indra Bahadur BK and Bishwo Nath Gautam were already arrested in this case. However, three others are still at large, Gyawali added.
The office bearers of the Unity International including main proprietor Gurung have been accused of illegally collecting Rs 4 billion from 360,000 members in the country and abroad with networking business by luring them of commission, dividend and insurance.
They had invested in the housing, insurance and banking sector without any legal basis for it.