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Panama Papers: 7 shareholders from Nepal

Gorkha Post



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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NC consults experts on govt’s policies and programs





KATHMANDU — The main opposition party, Nepali Congress, has taken suggestions from experts regarding the government’s policies and programs.

A meeting of the Nepali Congress parliamentary party convened at the parliamentary party’s office in Singha Durbar today consulted with the economists and former bureaucrats on the policies and programs of the government.

The government presented its policies and programs for the fiscal year 2018/19 in the Federal Parliament on Monday.

Deliberations will be held on the policies and programs in the House of Representatives and the National Assembly from Wednesday.

NC leader Dilendra Prasad Badoo, talking to the National News Agency, RSS, said that the meeting reviewed the government’s policies and programs and also discussed on issues the party would speak on in parliament.

Before this, the Nepali Congress had decided to put its views in parliament by forming thematic committees.

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