0%

Nepali leaders are also involved in Ncell’s share sale : Dr. Amresh Kumar Singh

Khabarhub

December 3, 2023

2 MIN READ

Nepali leaders are also involved in Ncell’s share sale : Dr. Amresh Kumar Singh

Independent lawmaker at the House of Representatives Dr. Amresh Kumar Singh/File photo.

KATHMANDU: Independent lawmaker at the House of Representatives Dr. Amresh Kumar Singh made startling claims regarding the sale of Ncell’s shares, alleging the involvement of Nepali political figures to prevent the telecom giant from falling under government ownership.

During a press conference in Kathmandu on Sunday, lawmaker Singh asserted that the dealings involving Ncell, slated for eventual government ownership in four years, were orchestrated with dubious motives.

Singh accused the sale of Ncell in the UK as an attempt to circumvent Nepal’s capital gains tax, expressing concerns about the lack of transparency in the process.

He boldly stated, “If reports of the Ncell shares being sold for $50 million are accurate, I am willing to offer $60 million.” Singh further claimed that Nepali leaders were implicated in the Ncell shares’ sale, underscoring that while leaders profited billions, the nation incurred losses amounting to trillions.

Emphasizing that Ncell would ultimately become the asset of Nepali citizens in four years, Singh urged the public to protest against the current opaque transactions and take to the streets to safeguard their interests.

0