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Panama Papers: 7 shareholders from Nepal

Gorkha Post

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KATHMANDU — The International Consortium of Investigative Journalists (ICIJ’s) website on Panama Papers leak has suggested that there are seven shareholders from Nepal who have been linked to the conceivable tax avoidance. However, the website has not revealed their names yet.

ICIJ, in association with the German newspaper Süddeutsche Zeitung and more than 100 other news organisations around the globe, on Sunday published more than 11.5 million internal files of the Panama based law firm Mossack Fonseca, revealing details of hundreds of thousands of clients.

According to ICIJ, a philanthropic organization based in Washington, as many as 72 world leaders including Russian President Vladimir Putin, Pakistani Prime Minister Nawaz Sharif, Bollywood actor Amitabh Bachchan and actress Aishwarya Rai Bachchan have hidden their assets in the offshore companies.

Similarly, Iceland’s Prime Minister Sigmundur Gunnlaugsson, Saudi Arabian king are also on the list.

The leak includes nearly 40 years of data, from 1977 through the end of 2015. ICIJ has said it will release the full list of companies and people linked to them in early May.

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UML, Maoist Center sign 7-point agreement to unify; party to be named Communist Party of Nepal

Gorkha Post

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KATHMANDU — The two parties of left alliance — CPN-UML and CPN Maoist Centre — have finally reached an agreement on unification and signed a seven point agreement on the modality of the unification on Monday evening.

A meeting of top leaders of the two parties at late Monday evening officially approved the ‘left unity’ deal agreeing, in principle, on party leadership, organization and ideology.

UML Chairman and Prime Minister (PM) KP Sharma Oli, Jhala Nath Khanal, Madhav Kumar Nepal, Bam Dev Gautam and Ishwor Pokharel have signed the agreement on behalf of UML whereas Maoist Chairman Pushpa Kamal Dahal, senior leaders Narayan Kaji Shrestha and Ram Bahadur Thapa have signed the agreement on behalf of the Maoist Centre.

In a seven-point agreement signed by eight leaders, the two parties have agreed to form Communist Party of Nepal(CPN), a leftist party with Marxist-Leninist ideology as its guiding principle.

Likewise, as per the agreement, People’s Multiparty Democracy (‘Janata ko Bahudaliya Janawawd’ known as Ja-Ba-Ja as propagated by later UML leader Madan Bhandari) and Maoism will be deliberated upon as the ideological lines of the party at the general convention of the unified party.

ALSO READ :  Maoist leader Sharma injured in clash

UMl chair KP Sharma Oli and Maoist Center chair Pushpa Kamal Dahal will co-chair the party in a bi-chairman system until the general convention and that both will take turns in leading the government.

The agreement on parallel leadership will remain until the first general convention, while collective leadership model would be followed for other portfolios.

As per understanding reached between the two parties, Oli would head the government for the first three years, while Dahal would lead the government for the remaining two years.

According to the leaders present during the signing of the deal, the agreement was signed after interlocutors from the two sides hammered out a sketch deal on leadership, organization and ideology which would be given actual shape through a joint general convention in around a year and a half. However, the agreement on leadership and organization has not been disclosed in the written agreement.

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Leaders also said that UML and Maoist Center will have 60 percent and 40 percent stakes respectively in the steering committee, the central committee and other lower bodies of the new party.

Monday’s merger deal, given the size of the two parties, is the biggest political experiment of its kind in Nepal’s history which will have long-run impact on Nepal’s political, economic and social spheres.

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