Nepal, Sept. 29 -- The Ministry of Finance (MoF) has said it has started critical investigations against political leaders and individuals who are reported to have amassed illegally earned cash at their residences and elsewhere.
Issuing a press release on Sunday, the MoF stated that there is no restriction on keeping any amount of hard currencies, provided the individual concerned can furnish the legitimate sources of their earnings. "However, the investigations under the Money Laundering Prevention Act 2008 are in progress against those who were found hiding non-legitimate money in their residences," reads the MoF's statement.
The recent cases of the recovery of massive stacks of cash from the private residences of two former prime mi...
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