Friday 15th January 2021

Case Filed Against Five Firms for Embezzling NPR 410 Mn Using Fake VAT Bills

The DRI has sought to charge these proprietors with fines equivalent to the evaded tax amount and jail terms as per the law.
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Case Filed Against Five Firms for Embezzling NPR 410 Mn Using Fake VAT Bills

The Nepali Department of Revenue Investigation (DRI) on Wednesday filed a case against proprietors of five firms in the country for embezzling the government revenue worth NPR 410 million.

The DRI found that the five firms evaded NPR 410 million in Value Added Tax (VAT) by using fake VAT bills.

The case was filed at the High Court in Patan against the following proprietors:

Proprietor Name Firm Name Evaded Tax Amount
Lahuman Majhi PRK Trade International, Dolakha NPR 55.68 Million
Nabikarik Ansari Creta Enterprises, Parsa NPR 82.46 Million
Ram Babu Sahani Minaja International Pvt Ltd, Bara NPR 21.91 million
Bal Ram Mahato Raman Construction Pvt Ltd, Dhanusha NPR 208.76 million
Kamal Bahadur Raut Raut Trade Concerns, Udayapur NPR 41.64 Million

The DRI has sought to charge these proprietors with fines equivalent to the evaded tax amount and jail terms as per the law.


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