Kathmandu: Most of entrepreneurs whose names appeared in a list for making investments abroad have refused the charges against them.
Refusing their allegations in any types of wrongdoings, they have said that the report released by the Center for Investigative Journalists (CIJ) recently only puts them in a negative light and tarnishes their image.
After the publication of Nepaleaks-2019, one of the foreigner partners of Upendra Mahato, Romeo Abdo said that his transfer of money to Nepal was legal.
Releasing a press note recently, Romeo has expressed his worries saying that the report might have adverse effect in foreign direct investment (FDI) flow to Nepal.
In his statement Romeo has declared Dr. Upendra Mahato, Niraj Shrestha and Ajeya Raj Sumargi as business partner. He claimed that all the investments he had made in Ncell was legal.
“It is worth to note that all investments were structured through the intermittent and with the active involvement of international financial consultants and legal advisers which rank among the big 4 and the Magic Circle firms,” he said.
“The acute competition within the big players in the business community in Nepal regrettably generates a lot of miscommunication, which often creates opportunities to feed false market gossip and media hoaxes,” he said. “currently we are falling victims to one of these hoaxes which is causing us tremendous and immeasurable prejudice.”
Alarmingly we fear that this will in turn negatively affect the foreign direct investment in Nepal and harm the interests of the people and the market of Nepal. Indeed allowing for the proliferation of false market gossip will discourage the flow of foreign investments.’
“We trust that the government will be sensible to the matter and take all appropriate measures to put an end to the speculative propaganda and false market gossips in order to protect the interests of its own people and uphold its policy to encourage foreign investments in Nepal,” Romeo stated.
Denying his involvement on money laundering Romeo made counter question, “the reports indicates that I have transferred 250.000$ from the bank account of my wife in the context of money laundering, if I am the man who was involved in all these operations would I involve my wife in such transaction for a 250k suspicious transfer ?”
He also declared that he will pursue all legal actions in order to safeguard his interests and seek compensation for the prejudice being caused to him.
Chandra Prasad Dhakal, chairman of the IME Group, tourism entrepreneur Rajendra Bajagain, Saurabh Group chairman Bishnu Prasad Neupane, sugar mills operator Shashikant Agrawal and businessman Arun Kumar Chaudhary objected to the report and denied that they have violated any law of the country.
Dhakal says he invested in UK-based companies after taking approval from Nepal Rastra Bank in 2002. Neupane also denies reports saying that neither he nor his family members have any connection or relation with foreign companies mentioned in the report of Nepaleaks.