Kathmandu. Former Nepal Rastra Bank (NRB) employee Bhuwan Basnet has been sent to jail in connection with the Karnali Development Bank scam.

The Tulsipur Nepalgunj bench of the High Court has ordered to release him on bail of Rs 200,000. But he has been sent to custody for the time being as he could not pay the bail

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“He has been sent to custody immediately as he could not submit the bail, but if he submits the bail, he will be released,” said Bal Bahadur Bista, information officer at the Tulsipur Nepalgunj bench of the High Court.

Basnet, who was arrested in connection with the scam case, had said that the time of the monitoring team was only three days. He claimed that the overall on-site inspection team will look into the situation of the bank while giving a statement.

He said that the purpose of the inspection was to identify the implementation aspect of the previous inspection report, so the subject matter was not looked into. He argued that a detailed inspection team should look into the matter and the audit would be looked into by the overall on-site inspection team to be carried out by the Nepal Rastra Bank.

“Audit, opening and closing balance in call accounts are looked into by the overall on-site inspection team of Nepal Rastra Bank. Since the work day of the monitoring team is only three days, everything will not be done, so the overall on-site inspection team looks after it,” he said in the statement.

Basnet, acting director of The Rastra Bank, had inspected the site monitoring of the Karnali Development Bank from May 15, 2019 to May 15, 2019. Basnet, Assistant Director Tek Raj Bhandari and Assistant Director Rajan Prasad Regmi were the members of the team. Basnet was the supervisor of the team and was inspecting the site.

Tek Raj Bhandari and Rajan Prasad Regmi have been deputed at the Karnali Development Bank for on-site inspection. At that time, he said that he was working in the Supervision Department of The Rastra Bank Financial Institution. He said that he inspects the vault as soon as possible.

“The employees of Karnali Development Bank Ltd were trained for two days from 8 am to 16:40 pm during their leave one month before their retirement on February 1, 2019. In 2019-02-13, the remuneration is rs 1 00,000. Ba 4 Cha 7826 in the name of my wife Kabita KC in connection with the Rs 50,000 received in my account in 2019-02-08. When I talked to Rajendra Bir Rai in January 2018 to sell my car, Rajendra Bir Rai said that he would buy my car in the name of Karnali Development Bank Limited for Rs 825,000. Rs 50,000 has been deposited in my account for the sale of the Santro vehicle,” he said in a statement.

He claimed to have trained and paid 85,000 bank employees including 42,500 and 42,500 in Karnali Development Bank account in 2020-09-02.

According to him, rs 749,050 deposited in his account was deposited for selling the vehicle in his wife’s name. He has said that he does not remember the purpose for which he deposited Rs 1 1 00,000 deposited in his account in 2019-02-03.