Banking News – The Commission for Investigation of Abuse of Authority (CIAA) has filed a corruption case against Yuvraj M.S. Pal, a tax officer at the Inland Revenue Office, Lahan, Siraha, and one other person.

According to the CIAA, Pal was arrested with a Rs. 5 lakh bribe by a team deployed from the CIAA’s Bardibas office following information and a complaint that he had demanded a bribe from a service recipient during the full tax audit and tax assessment for Fiscal Year 2078/79.

During the investigation, the CIAA found that Pal had been demanding money from service recipients while auditing and assessing taxes of various business and industrial firms and companies. He allegedly created the impression that their work could be halted or problems could arise by pointing out discrepancies in the bills and invoices submitted by the service recipients.

The CIAA said the investigation confirmed that Pal negotiated the amount through Chartered Accountant Ram Rijhan Yadav, who was allegedly associated and acting in collusion with him, and subsequently received Rs. 5 lakh in bribes from the service recipient.

The CIAA said it has filed a charge sheet at the Special Court, Kathmandu, seeking imprisonment and a fine equivalent to the Rs. 5 lakh amount under Section 3(4) of the Prevention of Corruption Act, 2059.