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Panama Papers: 7 shareholders from Nepal

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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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PM congratulates Nepali national cricket team

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KATHMANDU— Prime Minister KP Sharma Oli has congratulated Nepali national cricket team for being able to clinch the International T20 series.

PM Oli in a tweet extended best wishes and congratulations saying he was very happy to know Nepal’s win over the UAE by 14 runs in the third match of the series.

Winning T20 series is another landmark success for Nepali cricket, he said, adding, “It is big achievement for Nepal’s cricket. I would like to heartily congratulate entire members of Nepali cricket squad”.

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