by Krishana Prasain in The Kathmandu Post, Aug 21, 2023Foreign direct investment (FDI) to Nepal plunged to a nine-year low in the last fiscal year, as lax enforcement of trade infringement laws and rampant corruption in the country drove away potential investors, analysts said. According to the central bank, capital inflow fell by a steep 67.88 percent year-on-year to Rs5.96 billion in the last fiscal ended mid-July 2023 from Rs18.56 billion in the previous fiscal.…
Posts tagged as “corruption”
Agency report, August 3, 2023DHAKA: Bangladesh’s exiled opposition leader was sentenced in absentia to nine years jail for corruption on Wednesday, lawyers said, triggering protests from hundreds of supporters who called the trial politically motivated. Tarique Rahman, 55, acting chairman of the Bangladesh Nationalist Party (BNP) and son of ex-prime minister Khaleda Zia, was handed the nine-year sentence and his wife, Zubaida Rahman, was given three years, Anti-Corruption Commission lawyer Khushid Alam Khan told AFP.…
By Banafsha Binesh in TOLOnews, May 16, 2023 at 9:32 PMOfficials of the Afghan embassy in India, who have been publicly accused of corruption, may leave the country, said Shams Qarizada, a representative of the “Afghans based in India.” According to Qarizada, these officials are seeking visas of foreign countries. Earlier, TOLOnews saw documents provided as evidence of discrepancies in financial records and alleged corruption at the Afghan embassy in India. In one of the…
By Tika R Pradhan in The Kathmandu Post, May 16, 2023As the government is being praised for ‘catching big fish’ in the fake Bhutanese refugee scam, demand is also building from various quarters for an impartial investigation into alleged corruption in Maoist cantonments. The case dates back to 2007 when the then government had decided to provide Rs5,000 a month to as many as 19,602 former Maoist combatants camped in seven cantonments and 21 satellite…
By Prithvi Man Shrestha in The Kathmandu Post, April 17, 2023The Commission for Investigation of Abuse of Authority on Sunday filed a corruption case at the Special Court against nine individuals including Bikal Paudel, the executive director of the Security Printing Centre. The anti-graft body said in a statement that they were involved in irregularities of up to Rs690.88 million while procuring equipment for the printing press. According to the CIAA, the accused were involved…
By Prithvi Man Shrestha in The Kathmandu Post, April 12, 2023A complaint has been registered at the Commission for Investigation of Abuse of Authority (CIAA) to investigate an alleged attempt by the Rastriya Swatantra Party Lawmaker Dhaka Kumar Shrestha to ‘buy’ for himself the post of health minister. In a leaked audio, a voice, allegedly of Shrestha, demands Rs20 million from another person, presumably the controversial medical entrepreneur Durga Prasai, so that Shrestha can become…
by Prithvi Man Shrestha in The Kathmandu Post, March 16, 2023The Asia Pacific Group on Money Laundering has pointed out Nepal’s failure to criminalise corruption involving the private sector as one of the country’s deficiencies in complying with the standards on anti-money laundering and terrorist financing, a senior government official said. Nepal’s existing anti-corruption laws—the Prevention of Corruption Act-2002 and the Commission for Investigation of Abuse of Authority Act 1991—criminalise corruption involving the public sector.…
by Anup Ojha in The Kathmandu Post,Feb 2, 2023After the January 25 death of Prem Prasad Acharya, who had set himself on fire in front of the Parliament building at New Baneshwar a day earlier by accusing the government, in an over 6000-word Facebook post, of promoting corruption and making things difficult for entrepreneurs, scores of activists and commoners took to the streets under the banner “Kathmandu Uprising” as they rallied behind Acharya’s cause. The…
Report in Kathmandu Post, Jan 31, 2023Nepal has been ranked in 110th position out of 180 countries and territories in the Corruption Perceptions Index. According to Corruption Perceptions Index 2022, an annual flagship publication of Transparency International, a global anti-corruption group based in Berlin, made public on Tuesday, Nepal made a slight improvement by climbing seven positions in the global rankings. Nepal was ranked in the 117th position in 2021. Transparency International uses a scale…
By Banafsha Binesh in ToloNews, Dec9, 2022, 09:30 PMOn International Anti-Corruption Day, the Islamic Emirate spokesperson said that the Anti-Corruption Commission will restart its work soon. According to the spokesman, because of financial issues, the commission’s operations had been suspended. “If there was a need for an anti-corruption department, we have it already. Because of economic challenges it has been suspended. As far as the fight against corruption is concerned, there is currently no corruption…
Report in Dawn,Oct 12, 2022LAHORE: PPP leader Barrister Aitzaz Ahsan on Tuesday alleged that the establishment helped the Sharif family cleared from the court cases of corruption against them. In an obvious reference to Chief of Army Staff Gen Qamar Javed Bajwa, the senior lawyer said: “Bajwa sahib has rescued them (Sharif family) from conviction in cases and he has committed a big crime.” Barrister Ahsan was talking to the media persons at the Lahore…