Chinese National Arrested in Biratnagar for Retail Business Fraud
Summary
A Chinese national operating Yono Mart in Biratnagar has been arrested for alleged bill evasion and misuse of foreign investment and visa rules. Authorities say the group posed as an IT company while secretly running retail shops and planning expansion across eastern Nepal.
Key Points
- Morang Police arrested Chinese citizen Jingxian Xie in Biratnagar for conducting retail transactions without bills and evading PAN/VAT.
- Investigators say the group used an IT company on paper to obtain foreign investment approval and business visas, while actually running retail shops in Nepal.
- Yono Mart in Central Mall was registered in a Nepali citizen’s name, but officials allege control of the business and imports came from Chinese investors.
- Authorities have sealed the shop and launched further probes involving immigration, revenue, and money-laundering agencies.
