Former CEO of Saptakoshi Development Bank sentenced to three years and three months in prison

In a significant ruling, the Special Court has sentenced Navin Suvedi, the former CEO of Saptakoshi Development Bank, to three years and three months in prison along with a fine of NPR 20,700,000 in a money laundering case.

The case drew attention due to the substantial amount involved and the sophisticated nature of the fraudulent activities. Suvedi and his associates have the option to appeal the court's decision.