The Special Court today asked for Rs 5 million bail from former director general of the Inland Revenue Department (IRD) Chudamani Sharma, who has been accused of revenue leakage worth over Rs 1 billion.
After a hearing, a division bench of judges Abdul Aziz Musalman and Justice Nityananda Pandey issued the verdict.
The Commission for the Investigation of Abuse of Authority (CIAA) had filed a case against three persons including Sharma at the Special Court on June 23 accusing them of corruption. The CIAA had sought to recover a total of Rs 1.33 billion from the accused.
Sharma, who has been accused of one of the largest corruption scandals in Nepal's history, was under investigation for possessing property amassed through alleged corruption. The two other accused including Tax Settlement Commission (TSC) chairman LD Mahat and the TSC member Umesh Prasad Dhakal, who also cleared an amount of Rs 5 million each to be released on bail on Sunday.
They have been accused of the abuse of authority by making the taxpayers submit less than the actual amount, causing a huge amount of revenue leakage to the state.
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Very good article about the economy. All the information is useful.
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