According to the Finance Ministry, illegal income would not be permitted for investment.

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Money laundering, terrorist activities, corruption, and other criminal actions not be tolerated by the government, which would prosecute anyone responsible.

By amending Section 11 of the Income Tax Act, 2058, in accordance the financial bill, 2078, the Finance Ministry it clear that the government would not inquire about the source of income from investments made in infrastructure development and industries of national importance until the end of the year 2080 BS.

The Ministry a press release grave worry over the public comments on the Ministry’s intention for this new scheme, which were public.

The Ministry it clear that no criminal acts will be exempted from prosecution on the grounds of financial sources.

According to Mahesh Acharya, a spokesperson for the Ministry of Finance, income earned illegally will not be eligible for investment.

The government is fully dedicated to executing the national and international obligations it has to prevent financial investment money generated by illegal activities, corruption, and money laundering, as well as itself.

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