Two absconding Unity Life promoters nabbed

Police on Wednesday nabbed two operators of the Unity Life International Ltd, a network marketing company.

On May 31 this year, the Lalitpur District Court had convicted 12 members of Board of the company in a fraud case.

A team of Metropolitan Police Crime Division (MPCD) this morning nabbed Lok Bahadur Tandan (50) and Govinda Prasad Gyawali (49) from Maharajgunj, KMC-3 and Gongabu-7, Kathmandu respectively.

In the May verdict, a single bench of Judge Tek Narayan Kunwar had stated that they lured 368,710 clients into investing Rs 3.79 billion through false attractions.

Describing the company’s activities as an organised crime, the Court had handed down three-year jail sentence and slapped a fine of Rs 10.6 million and confiscation of equal amount on the convicts.

Source: THT