Roop Jyoti denies ownership of Landmark Developers

Published On: December 14, 2018 08:31 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Dec 14: Former Minister of State for Finance, Roop Jyoti, has clarified that he is neither a director nor a shareholder of Landmark Developers Pvt Ltd. 

Issuing a statement on Thursday, Jyoti denied any involvement or connection with the housing and real estate company that has been accused of swindling a customer on its housing project. 

Jyoti’s statement comes in the wake of reports that the police have issued an arrest warrant against the vice chairman of the Jyoti Group, a renowned business group in Nepal, after receiving a fraud complaint filed by one Bikendra Krishna Malla.

“Malla was refusing to take back the money which he had paid to CE Construction on his own. So the money had been deposited at the Kathmandu District Court for re-payment since he was not coming to receive it,” Jyoti said in his statement. “There is no basis for any consternation in this matter.”

In his complaint, Malla had argued that he paid a total of Rs 27.6 million for a house at Bansbari, Budhanilakantha to Landmark Developers which, he said, was yet to be delivered.

The housing project was developed by CE Construction Pvt Ltd.

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