Stories Tagged 'Ajeya raj sumargi'
A month and a half since the Supreme Court asked the Nepal Investment Bank Limited to maintain the account of Ajeya Raj Sumargi “as it was”, the bank is struggling to retrieve the money the controversial businessman had withdrawn after an interim order of the court.
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Retrieving the amount that controversial businessman Ajeya Raj Sumargi had withdrawn from Nepal Investment Bank Limited (NIBL) after a December 25 Supreme Court interim order has become ever more complicated with his company, Muktishree Cement Industries, using the money to make a number of payments.
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Nepal Rastra Bank on Tuesday wrote to three banks, asking them to deposit the money—withdrawn from Nepal Investment Bank Limited (NIBL) account of Muktishree Cement Industries owned by controversial businessman Ajeya Raj Sumargi—back to NIBL.
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The Department of Money Laundering Investigation says it has sought details through Nepal’s financial intelligence unit on transactions of controversial businessman Ajeya Raj Sumargi in foreign countries.
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When Ncell was sold for the 12th time in 2016, some of the country’s leading members of parliament, and members of the government and the judiciary were mired in Nepal’s biggest tax evasion scandal.
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Confusion persists even two days after the Supreme Court quashed its own interim order to let controversial businessman Ajeya Raj Sumargi withdraw the money frozen in the bank over ways to get the amount back into his account.
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