Ajeya Raj Sumargi’s passport suspended as Nepal reopens money laundering probe
Summary
Nepal's authorities have suspended Ajeya Raj Sumargi's passport following a renewed investigation into alleged money laundering and funds transferred through offshore companies.
Key Points
- Ajeya Raj Sumargi's passport was suspended by Nepal's Department of Immigration following a request from the Department of Money Laundering Investigation.
- Investigations focus on approximately Rs3.5 billion transferred from abroad through offshore entities suspected to be used for illicit fund transfer.
- Sumargi is linked to companies registered in tax havens like Cyprus and the British Virgin Islands, including Airbell Services Ltd and Zhodar Investments Ltd.
- Previous reports by Nepal Rastra Bank and the Auditor General indicate suspicious funds and tax evasion amounting to approximately Rs1.41 billion linked to Sumargi.
