Money Laundering Case Filed Against Vikal Paudel Couple Involving Rs 689 Million

The Revenue Investigation Department has filed a money laundering case against former Director of the Security Printing Press, Vikal Paudel, and his wife, claiming assets worth Rs 689.46 million. According to Director Sachit Kumar Waiba, the case was registered under Section 3, Subsection (1), Clauses ‘ka’, ‘kha’, and ‘ga’ of the Money Laundering Prevention Act, 2064.

On 14 Ashoj 2081 BS, a case was initially filed against Paudel and his wife related to their involvement in foreign exchange manipulation, claiming Rs 626.59 million in proceeds from such transactions. The Revenue Investigation Department formally lodged the case at Kathmandu District Court, Babarmahal on Wednesday, Waiba said.

The case accuses Paudel of Rs 611.32 million and his wife, Alina Basnet, of Rs 78.14 million related to illicit asset acquisitions. The department alleges violations of the Money Laundering Prevention Act, 2064, specifically under Section 3, Subsection (1), Clauses ‘ka’, ‘kha’, and ‘ga’.

According to the department, the initial charge concerning foreign exchange manipulation was filed on 14 Ashoj 2081 BS at the Kathmandu District Court. Further investigations into assets acquired through the related offenses have confirmed that they also committed money laundering crimes, as per the department’s report.