CE Construction and Directors Face Multiple Government Complaints for Fraud and Tax Evasion
Summary
CE Construction Pvt. Ltd. and its directors face complaints in eight government bodies over alleged fraud in housing sales and massive VAT evasion. Buyers in Hattiban, Lalitpur say their land ownership certificates were never transferred and their homes were secretly mortgaged, leaving them at risk of losing their property.
Key Points
- Complaints have been filed against CE Construction Pvt. Ltd. and its directors at eight government agencies, including the Prime Minister’s Office, CIAA, Nepal Rastra Bank, and the CIB.
- Victims allege that homes sold in Hattiban, Lalitpur were not transferred in their names and were later mortgaged to banks without their knowledge, including a double mortgage in some cases.
- The Large Taxpayers Office says CE Construction still owes Rs 53 crore 16 lakh 75 thousand 639 in VAT, including interest and penalties.
- The Commission for Investigation of Abuse of Authority has begun a detailed investigation into the complaints.
