Accounts of 'Paywell' and 'Sajilo Pay' were suspended after being found involved in hundi and smuggling business

Jestha 21, 2081

Accounts of 'Paywell' and 'Sajilo Pay' were suspended after being found involved in hundi and smuggling business

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Nepal Rastra Bank has frozen the bank accounts of payment service providers 'Paywell Nepal Pvt Ltd' and 'Sajilo Payment Services Pvt. The National Bank issued a notification on Monday and froze all the bank accounts of those companies.

 

'Paywell Nepal Pvt. Ltd., Anamnagar, Kathmandu and Easy Payment Services Pvt. Ltd., Baluwatar, Kathmandu are under investigation regarding regulatory compliance,' said the National Bank of India. Accounts in the organization have been suspended until the next decision is made. According to the Rashtra Bank sources, the bank account transactions have been suspended until the investigation is completed because the transactions from these institutions are very suspicious and involved in illegal transactions such as bribery and smuggling. Yes .

"In the initial investigation, it has been seen that there were very suspicious transactions from those organizations, transactions of crores of rupees were made from the account of one person," the source said. 

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