RID receives bail from Momento Apparels

The Revenue Investigation Department (RID) has granted bail to the promoters of Momento Apparels, who had been charged with tax evasion.

The bail was set at Rs. 24.5 million. The accused promoters deposited Rs. 8.2 million in cash and three plots of land worth Rs. 16.3 million as bail on Friday.

The RID's decision came after one of the promoters of Momento Apparels Tika Raj Dhakal, brother of FNCCI president Chandi Raj Dhakal's brother, appeared at the department and gave statement on the charges.

The RID had issued arrest warrant for the company's Managing Director Chandi Raj Dhakal, last month after he defied repeated summons of RID in the case of tax evasion.

Dhakal is absconding after the RID issued arrest warrant against him.

The Kathmandu Post daily quoted spokesperson of the RID Laxman Pokhrel as saying, "We will continue recording their statement on Sunday." nepalnews.com pb May 05 07

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