Supreme Court's order on Sumargi case remains unimplemented for seven months
Kathmandu, Aug. 13 -- Authorities are yet to implement a seven-month-old Supreme Court order to retrieve the money that controversial businessman Ajeya Raj Sumargi had withdrawn from Nepal Investment Bank Limited.
Sumargi had withdrawn almost all the money-$6.99 million-which was frozen at the bank by the Nepal Rastra Bank, following an interim order issued on December 25 last year.
On January 8, however, a division bench of Chief Justice Cholendra Shumsher Rana and Justice Ananda Mohan Bhattarai quashed the interim order and asked the bank to maintain Sumargi's account "as it was."
As per this order, the money that Sumargi withdrew and transferred to Nepal Bangladesh Bank, Prime Bank and Mahalaxmi Development Bank should have been ret...
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