SC orders release of NIMB CEO Pandey on bail

english.khabarhub.com · 1 week ago

The Supreme Court ordered the release of Nepal Investment Mega Bank Limited (NIMB) CEO Jyoti Prakash Pandey on bail, following a habeas corpus petition filed by his wife. The court stated that the investigation could continue and Pandey must seek permission before traveling abroad. Pandey was arrested by the Central Investigation Bureau (CIB) on charges of alleged criminal breach of trust related to the auction of Smart Telecom's assets, an arrest that drew protests from banking and financial sector organizations.