KATHMANDU, Nov 28: Former Director General of Inland Revenue Department Chudamani Sharma was released on a bail of Rs. 10 million from the Special Court on Tuesday.

A bench of justices Dwarikaman Joshi, Ratna Bahadur Bagchand and Narayan Prasad Pokharel issued an order to seek the amount equivalent to ten million rupees in bail and accordingly Sharma was released on bail, said information officer at the Court Bishnu Pandey. Sharma reportedly submitted a bank guarantee worth the amount from Nepal Investment Bank.

Sharma is facing a case of corruption at the court, filed by the Commission for Investigation of Abuse of Authority (CIAA) on the charge of causing losses worth billions of rupees to the state in waiving taxes as then Chair of the Tax Clearance Commission. He was arrested on June 2 earlier this year. RSS

KATHMANDU, July 16: Commission for Investigation of Abuse of Authority (CIAA) has registered a corruption case against suspended Director General of Inland Revenue Department, Chudamani Sharma and two other officials of Tax Settlement Commission (TSC) on Sunday.

The other two are Lumba Dhwoj Mahat, the chairman of the Tax Settlement Commission and Umesh Dhakal, a member of the commission.

The anti-corruption body has claimed that the trio embezzled more than 10 billion from the state treasury and asked for 10 years jail terms for the trio.

Sharma, who was also the member secretary of the commission, was arrested on June 2 on charge of swindling the state fund. Mahat and Dhakal are absconding.