Clever China is using Nepal not only against India but is also using Nepalese banks and companies to deal with Iran despite the US embargo. A joint investigation by the Center for Investigation Journalism (CJI) Nepal, the International Consortium of Investigative Journalists (ICIJ), and Bajfeed has revealed that some banks and companies in Nepal are transferring suspicious funds from abroad.
The investigation report released on Sunday reported that some Nepalese banks and companies are engaged in trade between Iran and China by dodging the US embargo. The report has been named 'FinCEN Files' based on the top-secret documents of the Financial Crime Information Network, a governmental organization that monitors financial transaction systems in the US.
According to 'FinCEN Files', between December 2006 and March 2017, 9 banks, 10 companies, and several individuals in Nepal carried out several suspicious transactions in the name of cross-border trade. A 25-page report on Nepal states, "It shows that some units in Nepal are involved in smuggling of gold, old goods, bitumen, telecommunications equipment." Standard Chartered Bank, Prime Commercial Bank, Bank of Kathmandu, Nepal Investment Bank, Everest Bank, Mega Bank, Himalayan Bank, Apex Development Bank of Kasaki, Nepal Bangladesh Bank, etc. are included in this list, which are involved in suspicious money transfers. Huh.''
FinCEN Files reports that 10 Nepali companies are directly involved in suspicious transactions. According to the report, transactions through these banks and companies have been valued at $ 292.7 million in the last 11 years. These companies include Raunier Brothers and Company, ShubhSamrudhi Traders Pvt Ltd, Shashata Trading Company, Setidevi Export Import Pvt Ltd, Women's Paper Craft, Ekmi Money Transfer Service, and Sunny Enterprises, which are conducting suspicious cross-border transactions.
Among these companies, Rainier Brothers and Company, Shubh Samriddhi Traders, Private Limited are from Parsa district and allegedly traded to a Dubai-based company, Kite International FZE, whose main business is the import-export of petroleum products. "The Rainier family did business through these dubious companies in Dubai and transferred money in the name of petroleum products in Nepal," the report said. Rainier Brothers and Shubh Samridhi Traders received Letters of Credit (LC) from Standard Chartered Bank of Kathmandu several times between 28 September 2010 and 4 September 2014. In these four years, these two companies sent US $ 71.4 million to different countries including Dubai. ''
FinCEN further states that Rauner's company asked for goods from Iran banned from the US, but documents have been tampered with stating that the goods were imported from Dubai. According to FinCEN, Zhongxing Telecommunication Equipment (ZTE) Corporation, China's largest telecommunications service provider, sent US $ 213.3 million to other countries including Nepal between 17 March 2011 and 1 March 2017.
ZTE conducted the transaction through Beijing-based China Construction Bank. The New York Branch of China Construction Bank found that the transaction amounts are questionable. 4 No. Between 2013 and 27 February 2017 ZTE transferred some amount to Nepal Investment Bank. Four times the company sent $ 5,709.09, $ 5,244.76, $ 40,357.75 and $ 10.
According to FinCEN, a five-year investigation revealed that ZTE carried out several conspiracies to dodge US sanctions. The company bought communications equipment from the US and sold it illegally as its product in Iran. ZTE suspiciously sent funds to and through several countries, avoiding US sanctions.
Delhi Traffic Police told what is the true meaning of this photo of Dinesh Karthik and Rohit Sharma
The first match of the three-match T20 series was played between Team India and Australia in Mohali. During this match, such an incident came when Team India captain Rohit Sharma caught the jaw of
Shock to Elon Musk: Tesla lost twice as much as Twitter bought, the company's value fell by $100 billion
The world's richest person, Elon Musk, has now been captured on the microblogging platform Twitter. This deal is the third biggest deal in the tech world and for this Musk will pay $ 44 billion (Rs
Strong tremors of earthquake in Delhi-NCR: Earth trembled in Jammu-Kashmir as well, intensity was 5.9; Hindu Kush region center of Afghanistan
Earthquake tremors were felt in Delhi-NCR and Kashmir at 7:56 pm on Thursday. According to the National Center for Seismology, its intensity on the Richter scale was 5.9. Its center was the Hindu Kush
Techie Suicide: Atul Subhash's wife's family breaks silence in suicide case, makes serious allegations
In the case of the suicide of engineer Atul Subhash in Bangalore, now the clarification of his wife Nikita Singhania has come to the fore. Nikita had lodged a police complaint against Atul in the year
Why is International Harry Potter Day celebrated, know who started it?
Everyone remembers the Harry Potter film and TV series. It had many parts and each part received a lot of love from the audience. International Harry Potter Day is being celebrated today
Excise Policy Case: Kejriwal's petition will be heard in Delhi High Court today, CM had challenged the arrest.
Delhi Chief Minister Arvind Kejriwal's petition will be heard in the High Court today. Kejriwal has filed a petition against his arrest in a money laundering case related to the alleged liquor scam.
Kabul in the dark! Afghanistan owes billions of rupees of electricity bills purchased from neighboring countries
The power crisis in Afghanistan has deepened. The situation has worsened after the arrival of the Taliban and the formation of the government. Let us tell you that about 80 percent of the electricity
Jobless Rate: The unemployment rate increased in India, increased to 7.83 percent in April, Haryana tops
On the one hand, while the economy in the country is recovering rapidly and the country's GST collection is reaching new heights, on the other hand, the problem of unemployment in the country is
UP Election 2022: Campaigning for the fifth phase of polling will stop this evening, voting will be held on February 27
The campaigning work for the fifth phase of the Uttar Pradesh assembly elections will end at 6 pm on Friday. Voting will be conducted in 12 districts of the state on February 27 following free, fair,
Bomb Threats: In the last 24 hours, bomb threats were received on three flights, the flight going to London landed in Frankfurt
Incidents of bomb threats to Indian airlines are continuing. In the last 24 hours, three planes have received bomb threats. With this, the number of bomb threats to planes has increased to more than
