SC orders release of NIMB CEO Pandey on bail pending investigation
▸ Part of: Supreme Court Orders Release of NIMB CEO Jyoti Prakash Pandey on Bail
The Supreme Court has ordered the release of Nepal Investment Mega Bank Limited (NIMB) CEO Jyoti Pandey on a personal recognizance bond, allowing the investigation against him to continue. Pandey must not leave the country without prior permission. The court issued a habeas corpus order, stating there were insufficient grounds to keep Pandey in custody. He was arrested by the Central Investigation Bureau while investigating allegations of criminal breach of trust related to the auction of Smart Telecom's assets.
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