“Why should we bother about legality when we have 650,000 clients? This large number of client base is enough for us,” said Kashi Ram Gurung, chairman of the company. [break]
The company also reiterated that its business was sustainable and flayed media reports, particularly one covered by Republica, which disclosed that the company was operating without due legal process.
Given its marketing model of binary pyramid, which is regarded as highly unviable and banned in many countries including Nepal, Republica had also raised question over the company´s sustainability and possibility of its clients getting all benefits it has promised.
But the company reiterated that it is venturing into jatropha plantation and will free Nepal from petroleum products within five years, start international flights, produce quality herbal products to replace imports and produce hydropower, among others.
“The income from these investments will ensure our sustainability,” Gurung said.
However, contrary to company´s claims, knowledgeable people said that complete replacement of fossil fuel by jatropha oil within five years was a hoax, especially as no researches have so far shown that 100 percent jatropha oil can be used commercially. At best, 10 percent of it can be blended with diesel for commercial use.
Likewise, other business plans that the company cited too are purely commercial in nature. And even its managing director in an interview with Republica admitted that he cannot guarantee they will succeed cent percent.
This leaves the company´s fate to meet its long-term social security plans into doubt, but Gurung said that will not happen. For its reports, Unity also threatened to ask its members to boycott Republica.
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