E-Passport Project Faces Tax Evasion Allegations Amidst Suspect Dealings
Summary
Large-scale tax evasion allegations have surfaced in Nepal's e-passport printing project involving suspicious dealings between IDEMIA, Capital Biz Solution, and Delta Core Private Limited, causing significant state revenue loss.
Key Points
- Tax evasion is suspected in Nepal's e-passport printing project involving offshore commissions.
- The French company IDEMIA pays commissions to Capital Biz Solution in Singapore, owned by Nepali citizens who also own Delta Core Private Limited in Nepal.
- Nepali laws including the Foreign Exchange Act and Income Tax Act have likely been violated in this scheme.
- The implicated group is involved in other sensitive contracts, raising concerns about corruption and national security.
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