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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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Chhayanath Rara Municipality bans liquor





RARA— Chhayanath Rara Municipality in Mugu district has been declared liquor-free zone. Declaration of a liquor-free zone was made amid a program on Saturday with a huge presence of locals from all 14 wards.

The municipality and local police administration had conducted a regular publicity campaign in all settlements for two months.

Chief Minister, Mahendra Bahadur Shahi read out a commitment paper by declaring a liquor-free zone to the municipality.

Chairman of Ward No. 5 Dambar Bahadur Rawal of the municipality shared that the municipality council took a decision two months ago to impose a ban on liquor in the municipality with the conclusion that gender-based violence, child marriage, misuse of development and irregularity increased due to liquor.

Mayor Harijung Shahi, lawmaker Gopal Bahadur Bam, representatives of Mugu Chamber of Commerce and Industries, among others were present on the occasion.

During the event, Chief Minister Shahi compared Karnali with heaven.

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