Kathmandu, July 5: The government has said it has intensified its campaign to bring individuals involved in embezzling public funds and policy level manipulation under the legal framework for financial crimes and money laundering.
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Unveiling the achievements of its first 100 days, government spokesperson Sasmita Pokharel said the administration led by senior Rastriya Swatantra Party (RSP) leader Balen Shah has adopted a zero-tolerance policy against corruption.
According to Pokharel, the Department of Money Laundering Investigation has so far filed seven cases, naming 101 individuals and legal entities as defendants. The government said it has sought recovery of Rs 118 billion in those cases.
Pokharel said the Nepal Police's Central Investigation Bureau (CIB) is continuing investigations into offences under the Securities Board Act, 2006. He added that action is also being taken against those involved in banking offences.
To strengthen anti-corruption efforts through systemic reforms, the government has begun establishing an integrated digital asset registry covering bank accounts, digital wallets, share investments and other financial activities.
Pokharel said the Ministry of Finance, the Inland Revenue Department and Nepal Rastra Bank are jointly preparing the operational framework and system for the registry.
The government also said the Ministry of Communications and Information Technology has implemented its decision to block betting related apps and websites within 24 hours. As part of the move, more than 200,000 domain links have been blocked through various internet service providers.
