Police to file cases against Unity promoters

KATHMANDU: Nepal Police has decided to file cases of banking crime and fraud against promoters of Unity Life International, officials said. It has also prepared a report recommending action against them.

The banking crime charge invokes Bank and Financial Institution Act 2006 while the fraud case follows the Muluki Ain. An investigation panel formed under the Ministry of Finance had concluded that the company violated 12 different existing laws.

SP Bikram Thapa, chief of Metropolitan Police Range Lalitpur, said the police would lodge the charge sheet at the District Court Lalitpur on Friday.


“Revenue Department will investigate into the allegations of foreign currency embezzlement and revenue evasion. The department has written to us in this connection,” said Thapa.

The police on Thursday made public the seven accused, and said that similar charges would be lodged against five absconding promoters of the company.

Source: MYREPUBLICA