Kathmandu. KATHMANDU: The Department of Money Laundering has filed a corruption case against 10 individuals and 13 companies including Chandra Bahadur Tamang (CB Lama), former chairman of Kantipur Savings and Credit Co Operative, at the Kathmandu District Court.
The department has demanded action against them for illegally amassing billions of rupees and confiscation of property.
The department has named 49-year-old CB Lama, who is currently in custody at the Central Prison, as the main accused. He has been charged with money laundering to the tune of Rs 99,80,48,019.45 crore. The court has also demanded additional punishment for him as per the Money Laundering Prevention Act as he is responsible for the operative of Kantipur and Pashupati Savings.
The department has also demanded confiscation of 8 plots of land, bank deposits and shares in the name of Lama as well as shares and property in the name of his son Suyogya Tamang. The department has also claimed millions of rupees from 9 other defendants.
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A total of 13 companies have also been named as defendants in the case. The department has demanded the confiscation of shares, bank deposits and land of the defendants in these companies. The charge sheet filed by the District Government Attorney’s Office, Kathmandu states that the defendants have committed an offence against Section 3 of the Prevention of Money Laundering Act, 2064.
