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tensa zangetsu [6.8K]
3 years ago
15

Why is dhikuti declared illegal by the government of Nepal?​

Social Studies
1 answer:
antoniya [11.8K]3 years ago
3 0

Answer:

There have been many reports of crimes, even deaths, connected to dhukuti credit scheme.

Explanation:

There has been evidence in the past that <u>dhikuti</u>, the self-help banks based on the rotating credit scheme, <u>has been involved in illegal activities, ranging from financial crimes and money laundering to violence and fights.</u>

Police received complaints about frauds in the amount of a few million of the Nepalese rupee. The rise of domestic violence has also been reported and there have been various deaths under the mysterious circumstances tied to dhikuti.

<u>Therefore, the dhikuti credit scheme was outlawed and the police have arrested dozens of people connected to the crimes.</u>

<u></u>

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