Former PM Bhattarai ‘concerned’ over Ncell’s suspicious share transactions « Khabarhub
Friday, June 21st, 2024

Former PM Bhattarai ‘concerned’ over Ncell’s suspicious share transactions

04 December 2023  

Time taken to read : 2 Minute

  • A
  • A
  • A

KATHMANDU: Former Prime Minister and Nepal Samajbadi Party Chairman Dr. Baburam Bhattarai has voiced concerns regarding the buying and selling of Ncell shares.

Dr. Bhattarai took to Twitter on Monday to express views on the share transactions involving Ncell.

In his tweet, Bhattarai pointed out that the Ncell share transaction case signals underlying issues and sheds light on the significant challenges within foreign investment practices in Nepal.

“Should we expect future investors if a foreign entity is compelled to offload its shares at a price 28 times below their actual value?” questioned Bhattarai. He further pondered, “If this is an attempt to evade capital gains tax and other levies, what impact does such deceptive investment have on the nation?”

Bhattarai raised another pertinent query: “How can transactions of such substantial monetary value go against the nation’s laws?” He continued, “Could there be involvement from individuals within various sectors of the government? Let the government’s leadership and regulatory bodies clarify the issue.”

Publish Date : 04 December 2023 13:52 PM

NC directs all its lawmakers to attend parliament session

KATHMANDU: The main opposition party Nepali Congress (NC) has instructed

Draught affects Jumla farmers; paddy transplantation delayed

JUMLA: The crops have started drying up in the farms

RSP Chair Lamichhane bats for political maturity, ideological clarity

KATHMANDU: Chairman of the Rastriya Swatantra Party (RSP) Rabi Lamichhane

One dies in firing in Parsa National Park

SIMARA: A person has died in a clash between the

Fire at Delta Complex guts property worth Rs 500 million

LUMBINI: A heavy fire happened at a business area, known