MONEY LAUNDERING: Special Court remands Chinese national in custody

Posted: फ्रेवुअरी 10, 2012 in Uncategorized

The Special Court on Thursday sent Liu Xue Lin, a Chinese national living in Kathmandu, to judicial custody after he failed to post the Rs 4,360,000 bail

set by the court. He was sent to the Dillibazaar Jail on the charge of money laundering.

After conducting a hearing on Lin’s suspected involvement in money laundering, a full bench of court led by Chairman Gauri Bahadur Karki issued a verdict seeking the bail amount from him or his detention in the failure.

During the hearing, government attorneys Tej Narayan Poudel and Suryaraj Dahal argued that an unauthorised Rs 2.25 million cash and a vehicle worth Rs 2.1 million were seized from Liu as the Chinese national could not show the sources with which he procured

the property.

The Chinese national was engaged in vegetable farming on a piece of land he rented from the government. Recording his statement in the court, the defendant stated he had borrowed Rs 2,125,000 from his friend Govinda Bahadur Shahi and earned the remaining amount.

A diplomatic van registered as 11-0-8 and Rs 225,000 cash were seized from him some months ago. In a statement, the court said details of vehicle registration seized from the Chinese national also did not match records of the Office of Transport Management.


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