Kathmandu. Golchha Group Chairman Shekhar Golchha has been released on bail. He was released on bail as per the order of the Kathmandu District Court.

Golchha was arrested by a team of the Central Investigation Bureau (CIB) of Nepal Police on the charge of insurance-related offense and securities-related offense.The CIB was investigating Gol chha, who is also the former president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) . 

The Kathmandu District Court had demanded Rs 10 million bail from Golchha during the ongoing detention hearing.Golchha has been released on bail as demanded by the court.