Share market investor Dipendra Agrawal was released on bail after the Kathmandu District Court set bail at one million rupees.
Agrawal, who was arrested at his home on Wednesday, November 4, was released after paying the court ordered amount.
BAIL ORDERED
Nepal Police’s Central Investigation Bureau (CIB) arrested Agrawal on Wednesday and brought him before the Kathmandu District Court.
The court did not complete his remand hearing that day, so Agrawal remained in police custody.
On Thursday, the court resumed proceedings and ordered his release on bail of one million rupees.
“He has paid the bail amount and has been released,” said CIB Additional Inspector General Umaprasad Chaturvedi.
AGRAWAL RELEASED AFTER TWO DAYS
Agrawal was arrested on Wednesday and brought before the court. As his remand hearing was not completed that day, he remained in police custody. On Thursday, the court ordered his release on bail.
The order allows Agrawal to remain out of police custody while the case proceeds.
BAIL DOES NOT MEAN INNOCENCE OR DISMISSAL
Agrawal’s release on bail does not mean he has been found innocent or that the accusations against him have been dismissed.
The legal process will continue, and he has been released on bail under the court’s order.