Money Laundering Department Investigation files seven cases; claims recovery of Rs 118 billion
KATHMANDU:- The Department of Money Laundering Investigation has prosecuted seven cases in the fiscal year 2082/83.
According to details released by the Department on Thursday, 121 individuals have been named as defendants. A claim for a recovery amount (bigo) totaling approximately Rs 118.05 billion has been made against the defendants.
There is a provision to discuss information registered with the Department regarding money laundering and the financing of terrorist activities within a screening committee; if a preliminary investigation is deemed necessary, an investigating officer is appointed to advance the required procedures.
To carry out investigation and prosecution tasks, the Department comprises—in addition to four investigation branches—a Legal and Advisory Unit, an Administration and Planning Branch, an Investigation Coordination Branch, and a Police Branch.
The department has been investigating offenses related to revenue leakage, customs, excise duties, and trade-based money laundering. Recently, it has accelerated the processes of study and investigation regarding money laundering, while also intensifying its investigative efforts.
