DRI takes control of LOD’s transaction accounts
KATHMANDU, Aug 15: Thamel's LOD (Lord of the Drinks) night club has been embroiled in a tax evasion investigation. Last Friday, the Department of Revenue Investigation (DRI) conducted a 22-hour long operation at the club in connection with an allegation of tax evasion. According to DRI sources, the operation started at 4PM last Friday and ended at 2PM on Saturday.
Nawa Raj Dhungana, Director General of the DRI, confirmed that the raid was conducted based on the information that the club owners had collected large sums of money and filed a low amount of tax.
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After the notice of a large tax evasion, DRI has taken control of all the business ledgers of LOD and further investigation is underway.
During the operation, the DRI team remained active throughout the night on Friday to assess the difference between the amounts paid by those who come to the club and the amount charged in the special tax filing account. The DRI has taken control of LOD's daily business records, tax payment records, stock ledger, and accounting records.
The DRI has also issued a notice to the owners of LOD nightclub Rudeep Shrestha, Bhupen Kuwar, Raju Singh Suwal and Shyam Sundar Agarwal to appear at the DRI office.
The DRI said that an extensive operation was conducted to comprehend the actual customers and tax filing process of LOD NightClub on Friday, particularly the day which sees the highest business activity in the club.
Dhungana, the director general of the DRI, also said that the DRI has initiated a comprehensive surveillance and a proactive campaign in cases of tax evasion in different sectors.
