DRI ready to file case against Unity
KATHMANDU:
Department of Revenue Investigation is waiting opinion from government attorney to file the case against Unity Life International.
Even though the department has finished all the necessary investigations to file the case, it is yet to receive opinion from the government attorney, the department source said.
The government attorneys are likely to submit their view tomorrow, department source said, adding that it will register the case against Unity by Tuesday, if the government attorneys give their opinion by tomorrow.
After establishment of Anti-Money Laundering Department, it will separately investigate the case related to money laundering and the Department of Revenue Investigation will look on the case of revenue leakages only.
Earlier, the department had formed a six member investigation committee headed by deputy director general Shishir Kumar Dhungana to investigate the detailed of revenue leakages by the Unity.
Unity – the pyramid style ponzi scheme – had a total of 368,710 members across the country along with from abroad and it had collected a total amount worth Rs 3.83 billion from them.
Of the total, it had distributed Rs 1.63 billion as commission to its agent, according to the department. Unity had opened 37 sister organisations during its five years of operations from 2005 to 2010, the department said.
The Supreme Court on 2010 July 23 had said the entire business — banking, insurance, purchasing cooperatives — carried out by the controversial Unity Life International Ltd was illegal.
Stating that the business of the controversial company was unauthorised, the Supreme Court had declined to allow its functioning.
Source: THT
Department of Revenue Investigation is waiting opinion from government attorney to file the case against Unity Life International.
Even though the department has finished all the necessary investigations to file the case, it is yet to receive opinion from the government attorney, the department source said.
The government attorneys are likely to submit their view tomorrow, department source said, adding that it will register the case against Unity by Tuesday, if the government attorneys give their opinion by tomorrow.
After establishment of Anti-Money Laundering Department, it will separately investigate the case related to money laundering and the Department of Revenue Investigation will look on the case of revenue leakages only.
Earlier, the department had formed a six member investigation committee headed by deputy director general Shishir Kumar Dhungana to investigate the detailed of revenue leakages by the Unity.
Unity – the pyramid style ponzi scheme – had a total of 368,710 members across the country along with from abroad and it had collected a total amount worth Rs 3.83 billion from them.
Of the total, it had distributed Rs 1.63 billion as commission to its agent, according to the department. Unity had opened 37 sister organisations during its five years of operations from 2005 to 2010, the department said.
The Supreme Court on 2010 July 23 had said the entire business — banking, insurance, purchasing cooperatives — carried out by the controversial Unity Life International Ltd was illegal.
Stating that the business of the controversial company was unauthorised, the Supreme Court had declined to allow its functioning.
Source: THT
