Kathmandu:
Nepal’s solely billionaire, Binod Chaudhary, is below the lens of the Central Investigation Bureau (CIB) in reference to a authorities land-grab case. The matter got here to mild after CIB wrote a letter to Nepal’s Home Speaker, informing him of their ongoing investigation.
Mr Chaudhary, a lawmaker from the Nepali Congress within the decrease home of the Nepal Federal Parliament, is being investigated for allegedly privatizing land belonging to the Bansbari Shoe Manufacturing facility, a authorities entity.
Hobindra Bogati, a senior officer at CIB, submitted a letter on the Parliament Secretariat informing Home Speaker Dev Raj Ghimire in regards to the investigation towards the lawmaker within the land embezzlement case.
The CIB has additionally given Mr Chaudhary a deadline till Thursday morning to supply a proof of the case to the investigating authority, in any other case he would possibly face arrest.
Mr Chaudhary is accused of illegally buying 10 ropani (54758.621 sq. ft) of land from the Bansbari Leather-based Shoe Manufacturing facility, a government-owned firm that’s now defunct.
He’s accused of transferring the land to Champion Footwear below an unlawful settlement, and subsequently renamed the corporate to CG Chandbagh Residency Pvt, which is owned by him.
He later gave the land to his brother, Arun Chaudhary, who now operates CG Chandbagh Faculty on the seized property. An investigation had discovered that the Nepali billionaire, like his brother Arun Chaudhary, holds shares in Champion Footwear Firm, a enterprise implicated in buying authorities land from the Bansbari Leather-based Shoe Manufacturing facility.
Paperwork additionally revealed that Arun, the youthful brother, has 200 shares in Champion Footwear Restricted.
Regardless of his brother’s arrest in reference to this case, Binod Chaudhary was not arrested. The paperwork point out that the 200 shares, valued at 2 lakh, are a part of an settlement specifying that the corporate ought to maintain 2,500 shares of Bansbari Leather-based Shoe Manufacturing facility.
Additionally it is famous within the doc that Binod Chaudhary’s ’s father, Lunkarandas Chaudhary, owns greater than 2100 shares within the Bansbari Leather-based Shoe Manufacturing facility.
(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)