16 Nepalese ‘have shell firms in tax havens,’ according to the report

16 Nepalese ‘have shell firms in tax havens,’ according to the report » Meroshare

According to a research published by journalists Krishna Acharya and Ramu Sapkota for the Centre for Investigative Journalism-Nepal, 16 Nepali investors, including the country’s single billionaire Binod Kumar Chaudhary, have shell businesses in tax haven countries, according to the report.

‘The Panama Papers,’ an investigation by the International Consortium of Investigative Journalists, in collaboration with more than 140 media outlets around the world, revealed that two major Nepalese business organisations – the Chaudhary Group and the Golchha Organization – have shell companies in tax haven countries, according to the report.

According to the leak, Chaudhary set up businesses in the British Virgin Islands under his own name as well as the names of his wi


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