Kathmandu, Feb. 5 -- The Special Court on Sunday sentenced former lawmaker and promoter of Civil Savings and Credit Cooperative Limited Ichchha Raj Tamang to three years in jail and slapped a fine of Rs1.72 billion for money laundering.

A joint bench of Special Court chairperson Tek Narayan Kuwar and members-Tej Narayan Singh and Muraribabu Shrestha-had convicted him on January 21.

The court announced the punishment on Sunday as it delays the determination of penalty in cases where the convicted persons are subject to jail terms of over three years.

Besides Tamang, the court had also convicted his wife, Srijana Shakya, and Keshav Lal Shrestha, one of his relatives, for money laundering. On Sunday, the court also sentenced Shakya to one...