KATHMANDU: The Department of Money Laundering Investigation (DoMLI) has prepared a report recommending allegations of Rs 33 billion misappropriation against Kedarnath Sharma, the director of Shivashikhar Cooperative.
According to sources, the report, along with recommendations for prosecution, has been finalized.
With recommendations for filing allegations of money laundering, the Department will present the investigation report at the District Public Prosecutor’s Office in Bhaktapur. The Attorney’s Office will then file the case at the Bhaktapur District Court.
DoMLI’s claim for Rs 32.9 billion marks the largest ever in this case.
The Department has also sued Kedarnath’s wife, Gita Sharma, in the case.
Furthermore, accusations have been made against Sabina Neupane, Mandip Khawas, Tej Bahadur Tamang, Pushkar Malla, Sushil Baniya, and Pradeep Bhattarai.
Kedarnath has been accused of misappropriating savings deposited by the general public in various institutions such as Shivashikhar Multipurpose Cooperative in Bhaktapur, Tulsi Multipurpose Cooperative, and Morang.
While Kedarnath invested in 59 companies, Geeta was found to have invested in 13 companies.
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