Kathmandu, March 4 -- The Department of Revenue Investigation on Sunday filed a case at the Kathmandu District Court against two persons on the charge of misappropriating foreign exchange worth Rs 36.68 million through Hundi, an illegal remittance transfer channel.
Dirgha Raj Mainali, the department's director general, told the Post that the accused duo, Govinda Subba and Indra Narayan Limbu, had been issuing remittance to the recipients from their Kathmandu-based company Reliance Sub-Remit Ltd while settling the amount in source countries.
In doing so, Mainali said, they prevented the country from receiving the foreign exchange, which is vital for importing essential materials for the country.
The department has sought fines equivalent ...