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Special Court grants Rs 1 crore bail to former chairman of Crest Micro Life Insurance Rishi Raj More in money laundering case

Kathmandu. A special court has ordered Rishi Raj Mor, former chairman of Crest Micro Life Insurance, to pay Rs 10 million bail in a money laundering case.

A division bench of Justices Narayan Poudel, Dilli Ratna Shrestha and Umesh Koirala handed down the order to release Mor on bail of Rs 10 million.

A case of money laundering was filed on June 11 against 39 persons, including Mor, Deepak Bhatt and Sulav Agrawal. Bhatt and Agrawal are currently in jail for further investigation.

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