Skip to main content

Nepal's Only Billionaire Investigated In Alleged Land Grab Case

Nepal's only billionaire, Binod Chaudhary, is under the lens of the Central Investigation Bureau (CIB) in connection with a government land-grab case. The matter came to light after CIB wrote a letter to Nepal's House Speaker, informing him of their ongoing investigation.

Mr Chaudhary, a lawmaker from the Nepali Congress in the lower house of the Nepal Federal Parliament, is being investigated for allegedly privatizing land belonging to the Bansbari Shoe Factory, a government entity.

Hobindra Bogati, a senior officer at CIB, submitted a letter at the Parliament Secretariat informing House Speaker Dev Raj Ghimire about the investigation against the lawmaker in the land embezzlement case.

The CIB has also given Mr Chaudhary a deadline until Thursday morning to provide an explanation of the case to the investigating authority, otherwise he might face arrest.

Mr Chaudhary is accused of illegally acquiring 10 ropani (54758.621 square feet) of land from the Bansbari Leather Shoe Factory, a government-owned company that is now defunct.

He is accused of transferring the land to Champion Footwear under an illegal agreement, and subsequently renamed the company to CG Chandbagh Residency Pvt, which is owned by him.

He later gave the land to his brother, Arun Chaudhary, who now operates CG Chandbagh School on the seized property. An investigation had found that the Nepali billionaire, like his brother Arun Chaudhary, holds shares in Champion Footwear Company, a venture implicated in acquiring government land from the Bansbari Leather Shoe Factory.

Documents also revealed that Arun, the younger brother, has 200 shares in Champion Footwear Limited.

Despite his brother's arrest in connection with this case, Binod Chaudhary was not arrested. The documents indicate that the 200 shares, valued at 2 lakh, are part of an agreement specifying that the company should hold 2,500 shares of Bansbari Leather Shoe Factory.

It is also noted in the document that Binod Chaudhary's 's father, Lunkarandas Chaudhary, owns more than 2100 shares in the Bansbari Leather Shoe Factory.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)



from NDTV News-World-news https://ift.tt/Qe9rXfv

Comments

Post a Comment

Popular posts from this blog

US Has Agreed To Send More Bombs, Warplanes To Israel: Report

The US in recent days authorized the transfer of billions of dollars worth of bombs and fighter jets to Israel, two sources familiar with the effort said on Friday, even as Washington publicly expresses concerns about an anticipated Israeli military offensive in Rafah. The new arms packages include more than 1,800 MK84 2,000-pound bombs and 500 MK82 500-pound bombs, said the sources, who confirmed a report in the Washington Post. Washington gives $3.8 billion in annual military assistance to Israel, its longtime ally. The package comes as Israel faces strong international criticism over its continued bombing campaign and ground offensive in Gaza and as some members of President Joe Biden's party call for him to cut US military aid. The United States has been rushing air defenses and munitions to Israel, but some Democrats and Arab American groups have criticized the Biden administration's steadfast support of Israel, which they say provides it with a sense of impunity. Bid...
Post a Comment
Read more

UK In 'Diplomatic Contact' With Syrian Rebels After Bashar Al-Assad's Ouster

Britain's foreign minister said Sunday that London had established diplomatic contact with the Hayat Tahrir al-Sham (HTS) rebel group in Syria, which led the offensive that ousted Bashar al-Assad. They remain "a proscribed terrorist organisation, but we can have diplomatic contact and so we do have diplomatic contact, as you would expect", said Foreign Secretary David Lammy. "We want to see a representative government, an inclusive government. We want to see chemical weapons stockpiles secured, and not used, and we want to ensure that there is not continuing violence," he added. "So, for all of those reasons, using all the channels that we have available, and those are diplomatic and of course intelligence-led channels, we seek to deal with HTS where we have to." (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) from NDTV News-World-news https://ift.tt/ybLIfjx
Post a Comment
Read more

Amazon Rainforest Tribe's Secret To Healthy Life And Slow Ageing Revealed

Deep in the Amazon rainforest, a semi-nomadic indigenous community is thriving. This community defies conventional norms on ageing and health. The Tsimanes, consisting of 16,000 people, live a fully subsistence lifestyle, relying on hunting, foraging and farming to survive. Scientists have been studying this unique group for two decades, and have uncovered remarkable findings till now. Martina Canchi Nate, an 84-year-old Tsimanes woman, digs up yucca trees, cuts down plantain trees and carries heavy loads with ease, faster than her younger companions, as per a BBC report. This level of physical activity is not unusual among Tsimanes of her age. Researchers have discovered that this group has the healthiest arteries ever studied and brains that age more slowly than those in North America, Europe and elsewhere. The Tsimanes' secret lies in their active lifestyle, with an average of 16,000 to 17,000 steps per day. They spend less than 10 percent of daylight hours in sedentary activ...
Post a Comment
Read more