Royal families have shares in 17 companies
The government has informed the parliamentary Natural Resources Committee that the royal family is associated with 17 different private companies.
According to details sent by the Ministry of Industry, Commerce and Supply to the sub-committee, the King and other members of royal family have separate investments in Hotel Soaltee, Soaltee enterprises, Annapurna Hotel, Gorkha Travels Pvt Ltd, Surya Tobacco Pvt Ltd, Laxmi Banaspati Ghee Industry, Himalaya Tea Garden and Hotel Shansha Himal International, Sipradi Trading, Bhotekoshi Power Company, Himal International Energy Pvt Ltd, Himal International Power Corporation, Surya Enterprises, Laxmi Katha Industry Pvt Ltd, Gorkha Lurry Pvt Ltd, Nebico Pvt Ltd, and Laxmi Rozin and Terpentine Industry, reports said.
The committee has directed the government to send details of land owned by those companies.
According to the details provided by the government to the Committee on August 13, the King and the royal family own 39,424 ropanis of land in Kathmandu Valley and hilly districts; and over 127 bighas of land in Terai.
Although the Parliamentary Public Account Committee (PAC) had asked the Prime Minister's Office and the Cabinet to furnish details of assets of the King and royal family several times, the authorities concerned are yet to provide the details.
MPs said they will ask the palace secretariat directly to provide details if the government fails to provide the details to PAC.
The reinstated parliament through its historic proclamation made the King’s properties taxable. nepalnews.com pb Aug 28 06
Related News
- King owns 40,000 ropanis of land: Ministry; govt asked to ban royal land transactions
