Rs 2.27 Billion Nepal VAT Scam, Biggest firms involved

Around 385 firms have been found to be engaged in producing counterfeit VAT bills in order to evade taxes. In a letter forwarded at the Public Accounts Committee of the Parliament the Ministry of Finance-Revenue Department has stated that as the investigation is ongoing, the names of those firms cannot be made public. However, MySansar and Rajdhani daily have published the names of the VAT defaulters. How can the Nepal Government make progress when the nation's leading business houses don't pay their taxes?


Group
Owner
Company
Presented Fake
VAT Bill (NPR)- Investigation to date
Shankar
Shankar Lal Golyan
Pawan Kumar Golyan (Chairman NMB Bank)
Jagadamba Steels
80 Crores
Chaudhary
Binod Kumar Chaudhary
Arun Chaudhary
Basanta Chaudhary
Nirvan Chaudhary
CG Impex, CG Electronics, CG Foods, Arun Intercontinental,
45 Crores
Golcha
Diwakar Golcha
Shekhar Golcha
Him Electronics, Neoteric,

6 Crores (Investigation to date)
Vishal
J.P. Agrawal (Chairman NIC Bank)
T.R Agrawal
Nirmal Agrawal (Board Member NIC Bank)
Trilok Chandra Agrawal (Chairman Bank of Asia)
Anuj Agrawal (Board Member Bank of Asia)
United Distributors, investments in financial institutions, Insurance Companies, Trading Houses
10 crores
Bhatbhateni
Min Bahadur Gurung
Bhatbhateni Super Market (Maharajgunj and Bhatbhateni)
8 Crore
Barun
 Rabin Jain Tajpuriya (Indian national)
Barun Beverage
KFC and Pizza Hut
15 Crore
Chameliya Hydropower
Chinese Contractor

60 Crore
SARDA
Shivratan Sarda
Sandip Sarda
Pradip Sarda

70 Crore