According to a YouTube Channel named Thaha, Nepal’s business community, Chaudhary Group, led by billionaire Binod Chaudhary, stands accused of crossing ethical and legal boundaries. The allegations include the kidnapping of an employee’s father, extortion, and association with the infamous Pandora Papers scandal. These disturbing revelations have come to light through an on-site study conducted by the Human Rights Treaty Monitoring Coordination Committee, a network of 44 human rights organizations in Nepal.
The Kidnapping Incident:
The most egregious of the accusations against Chaudhary Group involves the alleged kidnapping of Laxmikant Sharma, an Indian national and the father of an employee at the company. According to reports, Sharma was held captive in a guest house by Binod Chaudhary himself for over a month. The reason behind his abduction was said to be the alleged embezzlement of Rs nine million by Sharma’s son, who worked as a cashier at Chaudhary Group of Industries.
Sharma’s son, Shashikant, was later transferred from Kathmandu District Police Office after obtaining a five-day detention order. The authorities claim that he was a key player in the embezzlement case and had received a substantial amount of the stolen money. The shocking twist to the story is that another Indian national, Bishnu Maheshwori, who was also allegedly involved in the embezzlement, reportedly committed suicide while being interrogated at the district police station.
Chaudhary Group’s Response:
In response to these disturbing allegations, senior staff at Chaudhary Group of Industries have claimed that Laxmikant Sharma was kept in confinement for his own safety. This assertion contradicts Sharma’s account, who maintains that he was abducted in connection with the stolen money. The conflicting narratives have raised serious questions about the conduct of Chaudhary Group and its leadership.
Pandora Papers Scandal:
Adding fuel to the fire, Chaudhary Group and Binod Chaudhary’s name have also surfaced in the Pandora Papers scandal. The Pandora Papers, a massive leak of financial documents, implicated numerous global figures in offshore financial activities. The involvement of Nepal’s only billionaire and his business conglomerate in such a scandal has raised concerns about transparency and ethical practices within the company.
Human Rights Violations:
The Human Rights Treaty Monitoring Coordination Committee, comprised of 44 human rights organizations, conducted an on-site study that uncovered the alleged involvement of Chaudhary Group in holding innocent people captive for extortion. Such practices, if proven true, would not only be a severe violation of human rights but also tarnish the image of one of Nepal’s leading business entities.
The accusations against Chaudhary Group and Binod Chaudhary paint a disturbing picture of corporate misconduct, ethical lapses, and potential criminal activities. The ongoing investigation and legal proceedings will be crucial in determining the veracity of these claims. As the saga unfolds, it raises important questions about the need for accountability and transparency in Nepal’s business sector, and the implications of such revelations on the nation’s business landscape