KATHMANDU: The Department of Money Laundering Investigation (DMLI) has concluded that Ichha Raj Tamang, founder of Civil Savings and Credit Cooperative Society Limited, earned Rs 5.5 billion illegally.
An investigation conducted by the department found that Tamang has acquired Rs 5.5 billion illegally, according to Director General of the Department Prem Prasad Bhattarai.
“Tamang has been unable to show the source of the money he acquired and it has been learnt that he embezzled it from Civil Savings and Credit Cooperative Society Limited.”
The department will now file a case against Tamang.
The Central Investigation Bureau had arrested 12 people, including Tamang, last year after receiving complaints, charging him with embezzling the aforementioned amount from the depositors.
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