Home ministry directs DAOs to arrest Unity Life International officials

The Home Ministry has directed all District Administration Offices to detain officials of Unity Life International and initiate action against them. The ministry directed its sub-ordinate bodies to initiate action against Unity Life International bosses after it found the company had been running its business illegitimately.

The company has been providing banking and insurance services without taking permission from regulating bodies Nepal Rastra Bank (NRB) and Insurance Board (IB). The company has claimed it has over 6.5 lacs members across the country and about 2.5 lacs members abroad. It operates on pyramid structure of Network marketing. 

NRB, IB and Nepal Stock Exchange had issued a joint public notice last year without mentioning Unity's name to abstain from Network marketing and companies which claim to provide assurance without taking permission from the government.

The home ministry has instructed the security agencies to increase vigil at exit points to check Unity officials from running away. 

Meanwhile, Unified CPN (Maoist) secretary CP Gajurel has refuted his involvement in the Unity Life's operations. Speaking at a press conference in Inaruwa Sunday, Gajurel said, he had taken the company's claim about his involvement seriously. 

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