Five firms accused of embezzling Rs 410 million using fake VAT bills

Published On: December 3, 2020 12:10 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Dec 2: The Department of Revenue Investigation (DRI) on Wednesday filed cases at the High Court in Patan against proprietors of five firms on a charge of making revenue leakage by using fake value added tax (VAT) bills.

According to the DRI, these firms are found to have evaded the government revenue totaling Rs 410 million. Of the accused, the DRI has sought to recover Rs 41.64 million from proprietors, including Kamal Bahadur Raut of Raut Trade Concerns in Triyuga Municipality-12 in Udayapur.

Similarly, Lahuman Majhi, proprietor of PRK Trade International in Tamakoshi Rural Municipality in Dolakha, has been accused of evading government revenue worth Rs 55.68 million. Three individuals including Nabikarik Ansari, proprietor of Creta Enterprises in Belawa Rural Municipality-3 in Parsa have also been accused of making revenue leakage worth Rs 82.46 million.

The DRI also filed a case against Ram Babu Sahani, proprietor of Minaja International Pvt Ltd in Parwanipur in Bara district to recover Rs 21.91 million. Raman Construction Pvt Ltd in Raghunathpur, Dhanusha, has also been accused of evading government revenue of Rs 208.76 million.

The DRI has sought to slap these firms and their proprietors with fines equivalent to the embezzled amount and the jail terms as per the law.


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