The Rajdhani Daily, April 4, 2011, claims that Chaudhary Group led none less than by United Marxist Leninists Constituent Assembly and renowned businessman Mr. Binod Kumar Chaudhary (53) and SARDA group founded by Mr. Shivratan Sarda were among the top fake VAT (Value Added Tax) Bill racketeers.

‘While Chaudhary Group evaded Tax worth 45 crore rupees and SARDA group presenting fake VAT bills did not pay 70 Crore rupees to the government’.

There are some 28 Business firms and some individuals, whose involvement have been proven to date for having evaded the government tax, a government investigation report has it.

The government had formed an investigation committee coordinated by Deputy Director of Inland Revenue Department Mr. Laxman Aryal and other members as Kul Prasad Chudal, Suryanath Prakash Adhikari, Dirgharaj Mainali, Govinda Prasad Subedi and Psadananada Gurung.

Founded by Lunkarandas Chaudhary, the Chaudhary Group of Industries is being run by Basanta Chaudhary, Arun Chaudhary and Nirvan Chaudhary under the leadership of Mr. Binod Chaudhary.

The CG company imports vehicles, is involved in production of fast foods and snacks, Lube Oil and have also invested in Financial Institutions. The Group had recently joined hands with Thailand based InVision Hospitality with a plan to open 30 hotels across Asia by 2013.

Similarly, SARDA group is involved in production of Wires, Cables, Pashmina, fast foods and snacks. The group is managed by Sandip Sarda and Pradip Sarda led by founding Chairman Shivratan Sarda.