KATHMANDU: The government has regained control over the land previously owned by Bansbari Leather Shoe Factory Limited.
Minister for Land Management, Cooperatives, and Poverty Alleviation, Balaram Adhikari, announced in a press conference recently that the land, originally belonging to the state-owned Bansbari leather shoe factory, has been repossessed by the government in accordance with the Property Act of 2034 BS.
Adhikari stated that the government successfully reclaimed ownership of the 10 ropani land with the assistance of the Central Investigation Bureau of Nepal Police.
After an extensive investigation lasting more than three months, the CIB concluded that the government land had been unlawfully privatized.
Subsequently, on January 18, businessman Arun Chaudhary, former executive chairperson of the shoe factory, along with Ajit Narayan Singh Thapa and Sanjay Thakur, were apprehended by the CIB for their involvement in the illegal transfer of ownership of the 10 ropani land belonging to the Bansbari leather shoe factory.
The Land Reform and Revenue Office officially transferred ownership of the land back to the government. It was revealed that CG Chandbaag Residency had been constructed on the land, acquired through fraudulent documentation and procurement processes.
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