SC issues verdict on 12-year-old corruption case related to EPF
KATHMANDU, March 22 -- The Supreme Court (SC) has upheld the Special Court's decision on a 12-year-old corruption case involving the Employee Provident Fund (EPF) and a private textile company. A joint bench of SC Justices Saranga Subedi and Abdul Ajeej Musalman issued the verdict on the case on Thursday.
The Special Court had decided that a loan that was sanctioned from the Employee Provident Fund (EPF) to Silver Fiber Textile Mills Pvt Ltd based on fabricated documents produced by the company was a corruption offense. The court made its decision on the grounds that the loan was sanctioned on the basis of a false report, causing losses to the EPF.
Kishor Baskota, financial adviser of Silver Fiber Textile Mills, was also sentenced to si...
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