Triveni Plasto Polymers Pvt Ltd, a company under a Sangai Group, is alleged to have submitted fake documents along with the signature of director Sangai, according to the CIB Inspector Umesh Raj Joshi. Sangai group is one of the reputed corporate business houses in Nepal owns more than twenty companies.[break]
Police was able to arrest him on Tuesday after National Vigilance Center identified him of being involved in the forgery of documents on Nov 12. “We weren´t able to arrest him as he was not in Nepal for some weeks after he was awarded the tender for purchasing Sachet Crate.
However police have not been unable to further their investigation because of health problem of Sangai who is now in admitted to Norvic Hospital in Kathmandu after Bir Hospital referred him for further treatments. According to police he is said to have some serious heart problems so further investigation will be carried out only after his discharge from the hospital.
Sangai Group has investment in several banks, hydropower projects and different factories as well. It has investments in Bank of Asia and NIC Bank, Biswokarma cement, Nepal Life Insurance, Nepal Tea Development Corporation and also in some shopping complex as well.
Arrested Sangai is the director of Bank of Asia and NIC Bank. A police officer at CIB said Sangai is suspected to have forged other documents as well which will come to light soon after the investigation.
CIB also said that it has been investigating on other complaints against some big corporate houses for faking documents and cheating revenue.
Four jailed for failing to pay bail
Metropolitan Police Range Office on Wednesday sent four people to Sundhara Jail for failing to pay bail amount of Rs 3 million each. They were arrested on charges of swindling more than Rs 24.58 million from different people by establishing Cooperative business.
According to the police the arrested are Kedar Rana 33, SurendraMan Pradhan 31, Krishna Chandra Basnet 39 and Asha Basnet 23. Kathmandu District Court on Wednesday ordered them released after posting bail amount.
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