Swarnalakshmi fraud case: RSP President Rabi Lamichhane released on bail of Rs 6 million

Rastriya Swatantra Party President and former Home Minister Rabi Lamichhane has been released on bail on Wednesday.

Lamichhane, who has been accused of misappropriating Rs 1. 99 billion from Kathmandu-based Swarnalakshmi Cooperative, was released after posting a bail of Rs 6 million as set by the Kathmandu District Court.

A single bench of Judge Madhav Prasad Adhikari issued the order responding to the writ petition filed against Lamichhane.

He had produced himself before the Kathmandu District Court, three days after he was released on bail of Rs 6. 5 million, in the similar case in Pokhara.

On the behalf of Lamichhane, senior advocates-- Sushil Panta and Raman Shrestha-had argued the case.