Friday, September 17, 2021
Nepal Breaking NewsBusinessAccording to the Financial Comptroller's report, there were irregularities in Nepal Trust's...

According to the Financial Comptroller’s report, there were irregularities in Nepal Trust’s land lease to Yeti Group

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Nepal Trust’s lease of 2792 ropanis of in Gokarna to Yeti group was found to be irregular by the Office of the Financial Comptroller.

Financial Comptroller has proposed that the be re-evaluated put on lease, claiming that the country has lost money by leasing without competition and without re-evaluating the land. The previous government, led by KP Oli, was accused of corruption for leasing at a fraction of its market value.

The government leased the Trust’s to a resort owned by the Yeti Group for another 25 years a year a half ago, six years left on the term.

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