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Why Nepal Blacklisted Himansh Verma: Full Details Inside

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In a significant diplomatic and administrative move, the Government of Nepal has officially blacklisted Indian businessman Himansh Verma , raising serious questions about cross-border business ethics, legal compliance, and the growing scrutiny of foreign investments. The decision, which has garnered attention in both Nepali and Indian media, reflects Nepal’s increasing focus on transparency and national security in its business landscape. Who is Himansh Verma? Himansh Verma is known as the founder of Navrattan Group , a conglomerate with interests in sectors such as renewable energy, infrastructure, and technology . Over the past decade, Verma has positioned himself as a forward-thinking entrepreneur aiming to promote sustainable innovations across South Asia. However, recent developments suggest that not all has been well behind the scenes. Why Was Himansh Verma Blacklisted? While Nepalese authorities have not publicly disclosed all the details, sources indicate several potential f...
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Chandigarh's Himansh Verma Booked for Passport Fraud

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Chandigarh, India – In a major legal development, Chandigarh businessman Himansh Verma has been booked by the local police for allegedly hiding his criminal record while applying for a passport . This new case adds to a growing list of serious charges against him, including human trafficking and a multi-crore bank scam . Criminal History Hidden in Passport Application The case was filed based on a complaint from the regional passport officer. Verma is accused of deliberately suppressing information about his ongoing criminal cases, violating provisions under Section 420 of the Indian Penal Code and the Passport Act. Previous Allegations: Human Trafficking and Bank Scam Verma, managing director of the Navrattan Group of Companies, is already under investigation for operating a human trafficking network. According to police reports from Jalandhar, he allegedly used his business network to send people illegally to the United States through Mexico, and to Hungary, promising jobs ...
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Himansh Verma Arrested by ED in Rs 1,257 Crore Bank Loan Fraud Case

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The Enforcement Directorate (ED) recently arrested Himansh Verma, a key figure in the massive Rs 1,257 crore loan fraud case involving Syndicate Bank (now Canara Bank). Verma, a resident of Chandigarh, was arrested on October 15, 2023. He was later presented in a special court in Jaipur, where the judge ordered him to be held in ED custody until October 25, 2023. This arrest is part of a broader investigation into a money laundering case involving several officials from the former Syndicate Bank and others, under the Prevention of Money Laundering Act (PMLA) . The case stems from multiple First Information Reports (FIRs) filed by the Central Bureau of Investigation (CBI). How Himansh Verma Was Involved in the Fraud According to the ED's investigation, the main fraudster, Bharat Bomb, a Chartered Accountant from Udaipur, orchestrated the loan scam from 2011 to 2016. Bomb, along with bank officials, manipulated loans and engaged in fraudulent cheque discounting, leading to a total ...
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