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Call for task force to trace Nepalis’ overseas funds

Kathmandu, August 20

Nepali Congress lawmaker Arjun Narsingh KC has proposed forming a special task force to trace money held in foreign banks by high-ranking Nepali individuals.

Recalling that Bangladesh formed a special task force after the Gen Z movement to investigate how much money its high-ranking officials held in banks around the world, KC said Bangladesh had also written to banks worldwide as part of the investigation.

He said Nepal should undertake a similar initiative.

“Can you (the Rastriya Swatantra Party government), in coordination with the Nepal Rastra Bank and the Commission for Investigation of Abuse of Authority, establish a special commission to investigate and control corruption taking place outside the country?” lawmaker KC asked. “I don’t think there is enough courage for this, but I have still proposed that such an investigation be carried out.”

He also urged the government to pay attention to corruption taking place abroad.

“Forgive me, but corruption is currently taking place on the largest scale outside the country,” he said. “I don’t want to get into who is involved at this point. But there are reports that money is being held in Singapore, Cambodia, Swiss banks and elsewhere around the world.”

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