Bank chair faces money laundering investigation

On February 11th, in Kathmandu in Nepal, the Department of Money Laundering Investigation started a probe into Ichchha Raj Tamang, housing entrepreneur, bank promoter and chairperson of Civil Bank. The department previously found financial transactions made through Tamang’s bank account that exceeded the given limit.

Tamang and his partner Keshav Lal Shrestha had transferred between the Civil Hotels’ account at Civil Bank to the Civil Apartments account an enormous amount of more than Rs 1 billion.
The DoMLI director-general Roop Narayan Bhattarai has ensured that any suspicious transaction was bound to face investigation from the Department of Money Laundering Investigation.