Binod Chaudhary involved in money laundering? He might go to jail soon..

Summary

The video script exposes alleged fraud and corruption within Nepal's Chaudhary Group, implicating its leaders in a money laundering scheme. It details how billions of rupees were allegedly siphoned off to tax havens through legal loopholes and political influence. Evidence of offshore companies and investments in Nepal's Nebal Bank is presented, raising questions about the source of funds and the legality of these transactions. The video calls for government and parliamentary action to investigate and hold the powerful accountable.

Takeaways

• 📢 The video exposes alleged fraud and corruption within Nepal's Chaudhary Group, implicating the family in tax evasion and money laundering.
• 🏦 Chaudhary Group has allegedly used legal loopholes to move billions of rupees abroad, impacting the Nepalese economy.
• 💼 Vinod Chaudhary, a member of Nepal's parliament, is implicated as not only a businessman but also a political figure with potential influence over legislation.
• 🌐 The Chaudhary Group's business empire spans over 200 multinational companies in more than 32 countries, raising questions about the source of their wealth.
• 🔍 Evidence suggests the establishment of companies in tax havens like Panama and Ireland, with Chaudhary family members listed as directors.
• 📈 The video details the involvement of Chaudhary Group in Nepal's Nebal Bank, with dividends and profits allegedly siphoned off to foreign entities.
• 📑 Audit reports and corporate documents are presented as proof, showing the group's complex web of international business dealings.
• 🤔 The video raises questions about the legality of the Chaudhary Group's actions and the lack of accountability for high-profile individuals.
• 📉 It is suggested that the actions of the Chaudhary Group and similar entities may contribute to Nepal's economic challenges by depriving the country of necessary capital.
• 📘 Binod Chaudhary's autobiography and interviews are scrutinized for inconsistencies with the alleged financial misconduct detailed in the video.
• 📣 A call to action is made for the government and parliament to investigate these claims, hold those responsible accountable, and protect Nepal's financial interests.

Q & A

What is the main allegation against the Chaudhary Group and Vinod Chaudhary presented in the video?

The main allegation is that the Chaudhary Group, led by Vinod Chaudhary, has been involved in fraud and corruption, including money embezzlement, tax evasion, and operating companies in tax haven countries, which has resulted in billions of rupees being taken abroad instead of staying in Nepal.

What evidence does the video claim to have regarding the Chaudhary Group's activities?

The video claims to have documents from the registry of Panama, audit reports, and other official records that show the establishment of companies in tax havens, ownership structures, and financial transactions that suggest money laundering and illegal capital flight.

How does the video link the Chaudhary Group's activities to the broader issue of corruption in Nepal?

The video suggests that the Chaudhary Group's activities are not unique but represent a systemic issue in Nepal, where big business houses have the power to influence lawmakers and create legal loopholes that enable them to move money abroad.

What is the significance of the companies registered in Panama and Ireland mentioned in the video?

The significance lies in the fact that these companies are registered in jurisdictions known as tax havens, which are often used to hide the true ownership of assets and facilitate the movement of funds across borders without proper oversight or taxation.

What is the role of Binod Chaudhary and his sons in the allegations presented in the video?

Binod Chaudhary and his sons, Barun Chaudhary and Rahul Chaudhary, are implicated as key figures in the establishment and operation of offshore companies, suggesting their direct involvement in the alleged fraudulent activities.

How does the video address the issue of money laundering in relation to the Chaudhary Group?

The video suggests that the Chaudhary Group has engaged in money laundering by moving profits and dividends from Nepal's Nebal Bank to offshore companies, thereby obscuring the source of the funds and evading taxes.

What is the connection between the Chaudhary Group and Nepal's political and financial institutions as presented in the video?

The video implies that the Chaudhary Group has connections with Nepal's political and financial institutions, including the Central Bank and the government, which may have allowed them to operate with relative impunity.

How does the video suggest that the Chaudhary Group has used legal loopholes to their advantage?

The video suggests that the Chaudhary Group, possibly with the help of their political connections, has exploited legal loopholes to move large sums of money abroad without being subject to the usual regulations and taxes.

What is the video's stance on the need for further investigation and action by the Nepali government and parliament?

The video calls for a thorough investigation by the Nepali government and parliament, urging them to take action against the alleged corruption and hold the responsible parties accountable.

What is the video's final call to action for the viewers?

The video's final call to action is for viewers to share the information, raise awareness about the issue, and support further research and reporting on cases of corruption.

Outlines

00:00

📢 Exposing Chaudhary Group's Alleged Fraud and Corruption

The video script begins with a bold claim to expose the alleged fraud and corruption within Nepal's largest business house, the Chaudhary Group. The narrator promises to reveal how billions of rupees were illicitly transferred abroad through legal loopholes, money embezzlement, and political influence. The Chaudhary Group's growth from a simple textile business to a multinational corporation is highlighted, with a focus on the involvement of Vinod Chaudhary, a long-time member of Nepal's parliament. The video intends to present evidence of the group's offshore activities, including the establishment of South Asia Financial Services Co. in Panama and its connection to other companies in tax havens.

05:02

🔍 Unraveling the Chaudhary Group's International Investments

This paragraph delves into the complex web of international investments made by the Chaudhary Group, detailing the involvement of various family members in multiple offshore companies. The script mentions companies like NB International, which has a significant stake in Nepal's Nebal Bank, and the dividends and profits being funneled out of the country. The video script suggests that these transactions may be part of a larger scheme of money laundering and tax evasion, with the Chaudhary family members listed as directors in numerous companies across different jurisdictions, raising questions about the legality and ethics of their business practices.

10:03

🏦 The Nexus Between Politics and Business in Chaudhary Group's Operations

The third paragraph of the script highlights the potential conflict of interest between the Chaudhary Group's business operations and the political influence wielded by its members. It raises concerns about the legality of the group's financial transactions, particularly the movement of substantial funds from Nepal to foreign entities. The script questions the source of the funds and the role of the Chaudhary family in shaping laws that could benefit their business interests. It also references the involvement of the group in various companies, including those registered in tax havens, and the implications of these activities for Nepal's economy and legal system.

15:03

📘 Public Scrutiny and Calls for Accountability

In the final paragraph, the script shifts focus to the public's right to know and the need for accountability from the Chaudhary Group. It emphasizes the importance of transparency in business dealings, especially when they involve influential figures in politics. The narrator calls for an investigation into the group's activities and urges the government and parliament to take action against any corruption. The script ends with a plea for viewers to engage with the content, share their thoughts, and support further research into such matters.

Keywords

💡Chaudhary Group

Chaudhary Group, also known as CG, is a significant business entity in Nepal, which has grown to become a multinational conglomerate with operations in over 32 countries. In the video, the group is accused of fraud and corruption, with allegations of moving billions of rupees abroad through tax evasion and exploitation of legal loopholes. The group's actions are central to the video's theme of corporate malfeasance and its impact on Nepal's economy.

💡Vinod Chaudhary

Vinod Chaudhary is a prominent figure within the Chaudhary Group and has also served as a member of Nepal's parliament. His dual roles as a businessman and a political figure are highlighted in the video, suggesting a conflict of interest and the potential misuse of political influence to facilitate the group's alleged fraudulent activities.

💡Fraud

Fraud in this context refers to the deliberate deception to secure unfair or unlawful gain. The video alleges that the Chaudhary Group has engaged in fraudulent activities, such as money embezzlement and exploiting legal loopholes to transfer funds abroad, which is a key point in the narrative of corporate wrongdoing.

💡Corruption

Corruption is the abuse of power for personal gain, which is a central theme in the video. It is suggested that the Chaudhary Group, and by extension Vinod Chaudhary, has been involved in corrupt practices that have negatively impacted Nepal's economy and financial integrity.

💡Tax Haven

A tax haven is a country or territory that offers minimal or no tax to foreign individuals or businesses. The video mentions that the Chaudhary Group has operated companies in tax haven countries, which is a common strategy to minimize tax liabilities and potentially engage in money laundering.

💡Money Laundering

Money laundering is the process of making illegally-gained proceeds appear legal. The video presents evidence suggesting that the Chaudhary Group has been involved in money laundering by transferring funds abroad through shell companies and exploiting legal loopholes.

💡Legal Loopholes

Legal loopholes refer to ambiguities or deficiencies in the law that can be exploited to avoid legal consequences. The video accuses the Chaudhary Group of using legal loopholes to facilitate the transfer of funds abroad, bypassing taxation and regulatory oversight.

💡Nepal Bank

Nepal Bank is mentioned in the video as an institution that has been involved with the Chaudhary Group. The group's company, NB International, is said to have a significant share in Nepal Bank, and the video alleges that profits and dividends from this bank have been improperly transferred abroad.

💡Audit Report

An audit report is a formal document that provides an independent assessment of an organization's financial statements. The video references audit reports from 2020 to 2022, which are used as evidence to support the allegations of financial misconduct by the Chaudhary Group.

💡Pandora Papers

The Pandora Papers is an international investigation that exposed the secretive offshore financial dealings of influential individuals worldwide. The video mentions the Pandora Papers in relation to the Chaudhary Group, indicating that the group's offshore activities have been part of a larger global pattern of financial secrecy and potential misconduct.

💡Investment

Investment in the video refers to the act of putting money into financial assets, companies, or projects with the expectation of generating income or profit. The Chaudhary Group is accused of making investments abroad that should have been made in Nepal, which is a point of contention in the video's argument about the group's impact on the Nepalese economy.

Highlights

Exposure of fraud and corruption within Nepal's largest business house, Chaudhary Group.

Evidence of billions of rupees being taken abroad through legal loopholes and political influence.

Companies in tax haven countries and the implication of money laundering.

The Chaudhary Group's involvement in Nepal's political and economic system.

The journey of Chaudhary Group from a simple textile business to a multinational empire.

Vinod Chaudhary's dual role as a businessman and a member of Nepal's parliament.

Registration of South Asia Financial Services Co. in Panama and its connection to Chaudhary Group.

NV International's ownership leak valued at 55 million US dollars in 1996.

Nebal Bank's investment by NB International and its dividend implications.

The audit report revealing the financial transactions between NB International and Nebal Bank.

Investigations into the source of funds for Chaudhary Group's international investments.

The legal and ethical questions surrounding the establishment of companies in tax havens.

The role of Chaudhary family members in various international companies.

The Pandora Papers leak and its connection to Chaudhary Group's offshore activities.

The potential legal consequences and the need for transparency in financial dealings.

The call for government and parliament to address the issue of corruption within business houses.

The impact of such financial practices on the Nepalese economy and its citizens.

A plea for the public to engage and support the fight against corruption and money laundering.

Transcripts

Hello friends, after watching today's video , I think that

your thoughts about Chaudhary Group and especially Vinod Chaudhary might change.

Today, I am exposing the fraud and corruption of Nepal's largest business house, Chaudhary Group with proof. I will show

how billions of rupees, that should not be taken abroad, with the help of legal loopholes, money embezzlement and politics

have been taken abroad, how companies have been operated in tax haven countries,

how billions of rupees that should have stayed in Nepal have been taken abroad and how Nepal has been cheated in that case,

I will show all that with all the evidences. Even though Chaudhary Group is only an example here,

even if this is only a representative case, most of the big business houses in Nepal

have reached the place of making laws in this way, or the people who have invested and donated

have been known to pass laws makers and parliamentarians. They make

loopholes in the law and move billions of rupees that should be in the country abroad,

do money laundering, I will show the proof that this is money really a money laundering case. When this betrayal to country is done,

why is it that only the small ones are subject to the law and the big ones are free in Nepal?

I will show all that in today's video. This issue is sensitive because not only the party and the leader but

also the Central Bank and the government can be affected by this person. Without further delay, let's

get straight to the point. Chowdhury Group or CG,

according to the data of their website, initially Bhuramal Choudhary started with a simple textile business,

the journey of Lunakarandas Choudhary with business in a jute mills, and now it

has become multinational by the time it reaches Binod Choudhary and his sons. Chaudhary Group or CG has become a very big business empire of billions of dollars. A Nepali person

establishing more than 200 multinational companies in more than 32 countries of the world

and seeing the photos of Nepali businessmen on the front page of international magazines

is not less fortunate as a Nepali, it is a moment of pride. Nepal also

swells with pride that they has reached there. Its true that, a businessman always looks for profit

first, but Vinod Chaudhary is not only a businessman, he

is also a member of Nepal's parliament for a long time.

Let's see what the roots of Chaudhary Group are. Now here I am showing

Chaudhary Group's website and their corporate brochures which they have

mentioned in theirs. Please remember that I will dig into this in a moment. Its story is wrong and

here are two telephones called CG Cell and Mold Cell along with CG Net. There is also a matter of the company,

please remember that these two things are the main topic of today's video, Binod Chaudhary

and Chaudhary Group. All

the authors of the subject, Chaudhary Group ,

have fought a legal battle and filed a case, which is

why they are involved in the case.

If you double check the evidence and

double confirm it, only where you need other evidence from, we are all the same,

so in today's video, we have the original copy of the evidence,

I am talking about it only because of my heart. I will stay in today's video so that

if the case is decided tomorrow in the court, we can fight against it. Let's start first.

All the documents shown here

are safe with us from a document taken from the registry of Panama. We

may submit that it is written in this document that South Asia Financial Services Co.

hereinafter referred to as South Asia Corp.

was registered in Panama on November 27, 1995 and names Barun Chaudhary and Rahul Chaudhary among several directors. Since

this man is the son of Binod Chaudhary and

is also the owner of Chaudhary Group in Nepal, that is, he established a company in Panama in 1995. This is the proof of

another document taken from there. Also see another

company called NV International. Who is being talked about who is the person mentioned above on April 16, 1996 i.e. within six months of the establishment of the above mentioned company

in Dublin, Ireland, whose name in the list of shareholders

is South Asia Corp mentioned above and the said South Asia

Corp. This company called NB International has an ownership leak at 95. The ownership

value of the leak is 55 million US dollars. Please remember

that it was 55 million US dollars in 1996. I will come back to this in a moment. But the shares

are said to belong to National Bank Limited of Bangladesh, now it is NB International

What is the current situation of the said company? If so, what is the audit report of that company?

We have the latest audit reports of this company from 2020 to now.

This is the audit report of 2022.

On Mercury 8.1, this company's investment is in Nepal's Nebal Bank. Every year,

due to merger and relocation, the rate is changing.

According to this report, the share of the company called NB International in Nebal Bank

was % in 2020. In 2021, it came to 8.68 It happened and reached 2022, since it is at 9.44, that is,

the share of Neble Bank is still at 10% with that company. If you look at the website of Neble Bank,

you can see the name of Nirwan Chaudhary even now.

Who is the son of Vinod Choudhary. If you look at this report,

the dividend receivable for 2022 is said to be 2.3 million US dollars.

This amount is in million dollars in 2021 and 2020.

I am going to discuss in a moment. I am going to discuss about this money. Years ago, this money was profited from foreign investment.

In the name of NB International, this money went abroad from Nebal Bank, that is, Nepal, which again

diverted it to another company invested by the same Chaudhary. It was imposed

in the name of foreign investment. Profits and Dividends Going abroad

, please remember about this dividend.

I will come back to it in a moment and you can see it in number 1

. Parent NB International NB International's parent South Asia Corp and

whose investment in South Asia Corp. All the companies in this Sangai Ireland of Chowdhury Group,

the annual report that the government must submit, which is called Beacon Sea Firm,

has also fallen into our hands, in which director number four Rahul Choudhary and his

date of birth 1983 and another address with Dubai and Nepal is written on it,

director number three is Barun Chaudhary and his date of birth is 1986 and similar type of

address is written. It is also written that

according to the name of Barun Chaudhary and Rahul Chaudhary, there are eight companies in India,

two companies each in British Virgin Islands, Panama, Singapore, UAE, Ireland, Sri Lanka and Hong

Kong. Nepali

citizens own many companies in different countries and have invested abroad,

but the question is, where does the money come from? The laws of Nepal

allow Nepali citizens to mine money abroad and invest abroad.

Here again, go to the corporate bros of Chaudhary Group in Nepal. Look here and see the

page called CG Communication. On that page,

it says that CG Net is a telephone company established

in Nepal. I have told you that

the company called Mold Cell in the country called Moldova has been acquired or bought by CG Corp.

Another company called NB International, which I have seen since August, is Wednesday

number nine of the audit report of 2020. You should look here.

Why is that telephone company in Moldova used for NB International? Again, it is written that CG Cell, which

is another cellphone company, is a telephone company in Ireland that is also

under the same company. Now this is CG. It is not open since what is corp.

CG Tel which is registered in Nepal or CG Chaudhary Group

is the same or it is a new company

. According to CGIC, a company registered in Panama in 2003,

look again at the names of its directors, here

are the same Barun Chaudhary and Rahul Chaudhary

. Since the company was registered in Singapore,

its director is Sarika Chaudhary, who is the wife of Vinod Chaudhary,

and Rahul Chaudhary, all of whom are of Nepali nationality.

It is written in this document that the name of the company

is CG Corp. It is written in the document of the Union Bank in Kollam, Sri Lanka that

this bank, which was previously under the company called TPG Asia,

will be bought by CG Capital

in 2022. In the annual report of the telephone company,

it is written that CG Cell Company established in Ireland

has three directors Varun and Rahul Chaudhary and this is a new name here called AS Karki.

Although there is not much information available about this new member in 2021, it

is possible that Binat Chaudhary's other son Nirwan Chaudhary's wife Ashra Parki may be

the members of the Chaudhary family since this officer company is involved in others

. Two companies named South Asia Corp and CG Corp have been opened in Panama.

According to the leaked Pandora Papers,

a company called Sinovesion Inc. was opened in April 2000 in the British Virgin Islands and its

owner . It is said that Binod Choudhary was involved in that company after some time, his wife and his son Harko

were also involved in that company, and CIJ has published a long report,

then Math Choudhary Group has also filed a case, I

want to repeat that here. It seems that it was

established in NB International Ireland under South Asia Corp and

invested in Nebal Bank of Nepal.

Since it was opened in Ireland and under CG Capital, Union

Bank of Sri Lanka has also been running, and since then,

a company called NB International has been taking out the profit and dividend money from Nepal's Nebal Bank year after year, and since that money has been

used in various countries. It can also be seen that a new company has been opened, and

since all these companies are registered in tax haven countries,

they have been able to clear the money during the investment and trace, and the income source of the money is also

not disclosed. I looked at every corporate brass website and Binod Choudhary's autobiography

and it was a mix of three things. Somehow Choudhary

admitted that his investment was in various companies. So,

I have shown data of only seven companies. I am not successful. This net

is too long. It is too deep. Who thinks that it is okay. A

Nepali has opened a company abroad. He has invested and wants to increase the money. He has put the name of a Nepali. What is the

difference? It is his own money. It is an open business. Why are people who are unable to do business and expand their business?

Come on, why does everyone's eyes hurt? Let's see what matters to Nepal. Now,

first of all, before investing and taking foreign

money to Nepal, the law has been made.

You can do it to some extent with

your rich work, but you can't cook billions of rupees. Now, Barun Rahul

Sarika or Vinod Chaudhary, who are all citizens of Nepal until now, even Binod Chaudhary

is a person who has been a member of parliament many times, even now he is a member of parliament with children. If he is a person who can make laws

and who wants to be an imp, if

he is a person who can become a minister and a prime minister tomorrow, what position should he

answer about the sources of income of different companies

from Nepal to foreign countries

? Kheri Binod Choudhary

has said in his autobiography and in some interviews that he earned his money, but that is not only a fish market,

but it seems that the fish market is the same.

In Panama and through that, within six months,

since the investment of one and a half million US dollars, other such

companies have opened in that

one company. Har's date of birth is 1983 and 1986, according

to which they were 3 years old

and 11 years old respectively. I will tell you this story and the company called NV International

which is the parent company of Nebal Bank which is

owned by those Chaudharys . It is written that

1 million US dollars has been received as a bonus and 9 million dollars

has been received as a profit, which is sent to NB International in Ireland. In the audit report of 2022,

NB International of Ireland received 145 million US dollars

as a bonus from Nepal's Nepal Bank.

And in terms of profit, 33 million dollars have been received in that report.

In other years, the same rate

has also been received

from Nepal. I was crying for some time since it happened. All these transactions

seem to be illegal. Now the big question is

who will show the account book of how much money has been withdrawn so far and who is involved in the investigation and investigation.

Why the action has not been taken yet, whether to do it or not, and Nepalese citizens should invest in Nepal,

the money earned in Nepal should be invested in Nepal, as there are rules and laws

. He has written in his autobiography

whether it is true or not, whether it is money laundering or not,

who will answer this and what was the status of Chaudhary Group when these officer companies were established in 1996

? Binod Chaudhary's autobiography I

looked at the interviews he gave at various times and

even though I looked at the status of the company he was running at that time, there was a partnership with Bujan Saki Darbar, especially with Raja's brother Dhirendra,

even if he came, he said that the money of the partnership did not go abroad.

There is no shortage of doubters but there is no solid evidence, so don't talk about it and

Binod Chaudhary has now reached a decent place

.

Impt has been generated, the tox has been fine, but

the questions that have been raised with evidence, people will continue to ask questions until

they are answered. Yes

, but

at least the resources

of the state should stay within the country

. They are the ones who are in the government,

instead of doing anything to them, the judge raised his voice and the judge

released the news with evidence. I am afraid that he will be the first to be punished. Here

is the hot look in the past. Hope the government and the parliament. Please raise your voice on this matter, investigate and

punish the culprits, just listen and comment. The cases of corruption will not go away. More

and more people will have to share the cases for that. They will help you

and videos like this. I have to do a lot of research to make it, it

takes a lot of work and I have to take a lot of

risk .

Please take a look below, if there is something missing, please

take a look and if you like it,

please

like it. It cheers me up I

'm going to get another one so give me a break Thank you Hello