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Panama Papers database opens up to the world

Gorkha Post

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A searchable database of more than 200,000 entities found in the Panama Papers investigation has been released.

The International Consortium of Investigative Journalists (ICIJ) said it was publishing the information in the public interest and the data being released only represented a small fraction of the 11.5 million leaked files from Panamanian law firm Mossack Fonseca.

The full dataset is also available for download from the ICIJ website.

The ICIJ said it would not publish the entire contents of the leak or disclose raw documents because of the nature of the leak, which includes personal information such as bank statements, credit card details, internal emails, property records and financial transactions dating back to the 1970s.

The database represents the largest release of information about offshore companies and those behind them, including many of the real owners behind shell companies, who in some cases went to great lengths to obscure their identities.

The new searchable database includes personal, company, client and intermediary names and allows the public to explore the networks of companies and people that used — and in some cases abused — the anonymity of secrecy jurisdictions with the help of Mossack Fonseca.

The Panama Papers revelations have reignited the debate about the need for public registries to ensure transparency about the true owners and controllers of companies.

In the wake of the Panama Papers scandal, the US Government announced last week that it had sent legislation to Congress to create a centralised federal registry of the actual owners of any newly created company.

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NAC aims to bring more tourists

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KATHMANDU — Nepal Airlines Corporation (NAC) — the national flag carrier which bought two wide-body aircrafts — is exploring new destinations in Europe, North America and South East Asia to bring in more tourists to the country.

The NAC, with the new destinations, expects to increase its business and carry 400,000 tourists on board the NAC planes to Nepal every year.

The NAC’s move is expected to serve largely for the government’s announcement to mark 2020 as Nepal Visit Year.

The NAC is also planning to procure narrow-body planes that would make regional flights while the wide-body planes would fly to the new international destinations.

For the new destinations, the NAC has appointed issue manager.

With the agreement, the NAC planes would make flights to 14 destinations in a week. If things go as planned, the NAC planes would fly to Narita and Tokyo in Japan, easing the tourists visiting Nepal from there.

After getting approval from Japan and South Korea for flights, the inclusion in the significant safety concern list by the EU to Nepal would remove automatically while the flights to South Korea shall open up the golden door for Nepal Airlines.

South Korea is regarded as the safest country in the world in terms of civil aviation. Likewise, the ICAO has already removed Nepal from its blacklist.

Furthermore, the NAC is preparing to operate flights to bring in tourists from Sri Lanka, Pakistan, Indonesia and Vietnam.

Similarly, Minister for Culture, Tourism and Civil Aviation Rabindra Adhikari has directed the NAC for announcing new business plans by targeting the Indian and Chinese tourists, realizing the crucial role of the national flag carrier to make the Nepal Visit Year 2020 a success.

“Top priority has been given to the NAC as it is the major basis to bring in tourists,” Minister Adhikari shared.

Likewise, Minister Adhikari shared that expansion of services and facilities of the Tribhuvan International Airport has been prioritized.

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