Stories Tagged 'Money laundering'
The Department of Revenue Investigation has decided to send a case related to foreign exchange misappropriation of Rs4.16 billion through Hundi, an illegal money transfer system, to the Department of Money Laundering Investigation to see if defendants in the case had invested their illegal income for further gains.
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The Department of Money Laundering Investigation has launched joint or parallel investigations with police on money laundering cases as part of effort to improve coordination among the law enforcement agencies ahead of mutual evaluation of Nepal’s compliance to standards on anti-money laundering and terrorist financing due for 2020.
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Binod Gupta, owner of Himalayan Cargo who is facing one of the largest cases of tax evasion at Kathmandu District Court, is also being investigated for money laundering, according to sources at the anti-money laundering agency.
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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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Businessmen Upendra Mahato has denied having invested in offshore companies and bringing investment into Nepal from tax havens as a foreigner.
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Ganesh Lama was among five 'notorious dons’ against whom the Department of Money Laundering Investigation had filed cases on charges of amassing millions of rupees illegally.
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