SEE AMAZON.COM DEALS FOR TODAY
Accident – Death – Obituary News : : 1. “DoMLI case against fraudster Sharma”
2. “Misappropriation of Rs 33 billion by Sharma”
The Department of Money Laundering Investigation (DoMLI) has filed a case against Kedarnath Sharma, the owner of Shiva Shikhar Multi-Purpose Cooperative, for allegedly embezzling over 33 billion rupees from various cooperatives. Sharma, along with eight others including his wife Geeta, faces a claim of 32.90 billion rupees. The DoMLI has demanded double punishment and asset confiscation for Sharma, who is accused of unlawfully acquiring assets through misusing cooperative funds. Sharma is also accused of setting up multiple companies and misappropriating funds through artificial loans. Legal proceedings have been initiated against him for his alleged involvement in the fraud.
You may also like to watch : Who Is Kamala Harris? Biography - Parents - Husband - Sister - Career - Indian - Jamaican Heritage
this web page.
This web page provides comprehensive information on the benefits of implementing SEO strategies for businesses. From increasing online visibility to driving organic traffic and improving search engine rankings, SEO plays a crucial role in the success of any website. The page covers key topics such as keyword research, on-page optimization, link building, and content creation, offering valuable insights for businesses looking to enhance their online presence. With a user-friendly layout and actionable tips, this page is a must-read for anyone seeking to improve their SEO efforts and achieve sustainable growth in the digital landscape.
Massive Financial Scam Uncovered in Kathmandu
KATHMANDU, May 25: The Department of Money Laundering Investigation (DoMLI) has unearthed a major financial scandal in the heart of Kathmandu. The case involves the owner of Shiva Shikhar Multi-Purpose Cooperative, Kedarnath Sharma, who stands accused of embezzling a staggering amount of over 33 billion rupees from various cooperative organizations.
Case Preparation and Accusations
The DoMLI has diligently prepared a case against Sharma, along with eight others, including his wife Geeta, who are currently under police custody for alleged misuse of cooperative funds. The claim against Sharma amounts to a massive 32.90 billion rupees, as detailed in the DoMLI report submitted for legal action against the accused.
Compensation Claims
According to the report, a compensation of 22.81 billion rupees has been demanded from the main accused, Kedarnath Sharma, while his wife, Geeta Sharma, faces a claim of 523.3 million rupees. Additionally, various individuals associated with companies registered under their names are also implicated in the scam, with compensation claims totaling 9.56 billion rupees.
You may also like to watch: Is US-NATO Prepared For A Potential Nuclear War With Russia - China And North Korea?
Legal Actions and Punishments
The DoMLI is seeking double punishment and asset confiscation for the accused, considering the severity of the offense and the substantial amount involved. The penalties upon conviction range from 2 to 15 years of imprisonment and asset forfeiture. The DoMLI has emphasized the possibility of imposing a penalty of up to five times the individual’s rights and double punishment in terms of assets.
Allegations and Misappropriation
Sharma is accused of misappropriating billions of rupees through Shiva Shikhar and Tulsi Savings and Credit Cooperative branches across 35 districts in Nepal. The investigation revealed that Sharma unlawfully acquired assets through illegal means, prompting the initiation of legal proceedings against him.
Business Ventures and International Connections
Sharma’s involvement in setting up multiple companies and engaging in dubious financial dealings extends beyond Nepal. His business ventures include establishments in Yangon, Myanmar, and India, where he has acquired significant loans from financial institutions. The investigation has shed light on Sharma’s elaborate network of companies and financial transactions.
As the legal process unfolds, the authorities are determined to hold the accused accountable for their alleged financial misdeeds. The magnitude of the scandal has sent shockwaves through the cooperative sector in Kathmandu, underscoring the importance of stringent oversight and accountability measures to prevent such incidents in the future.
