The Ministry of Finance has stated that an investigation is underway regarding the money reportedly found in the residences of leaders during the Gen-Z movement.
According to a notice published on September 28 (12 Ashoj), the ministry said that cash with unidentified sources, whether kept at residences or hidden elsewhere, is being investigated under the Asset (Money Laundering) Prevention Act, 2007 (2064 BS).
“The ministry’s serious attention has been drawn to reports in the media and social networks that, during the unusual circumstances created by the Gen-Z movement and subsequent arson, cash was either burned or found in a burned state at various locations,” the notice stated.
The government has been encouraging electronic transactions for the purchase and sale of goods and services, as well as financial dealings, through financial institutions and banking instruments. The notice highlighted that electronic payments allow transactions of any amount, eliminating the need to store large amounts of cash.
The ministry has advised that all possible transactions should be conducted via electronic payment methods.
Additionally, the law requires that any transaction involving the purchase or sale of goods or services worth 1 million rupees (10 lakh) or more must be carried out through banking instruments.
The ministry further said that if unidentified cash is found anywhere, all concerned agencies have been mobilized to investigate and take legal action in accordance with existing laws.
