National

These are the Nepali—and non-resident Nepali—elites with investment in offshore companies

- Tsering D Gurung, Kathmandu

Jan 16, 2019-

More than 50 Nepalis have invested in offshore companies, exploiting secretive tax regimes and breaking the country’s law that bars investment in foreign countries, an investigation by the Centre for Investigative Journalism has found.

Read full story: Flouting laws, dozens of Nepalis invested in companies in tax haven island nations

Here are their names:

Birendra Mahato 

Former lawmaker

Company: OJSC Amkodor Holding Limited Company

Location: Belarus

Partners: Niraj Govinda Shrestha, Upendra Mahato, Romeo Abdo Former

Upendra Mahato and Samata Nepal

Investors

Companies: Spartley Ventures, Pankur Finance, Tipologia, Moneystar, Amkodor, BNK, Yagyadeep, Yumi Nepal Earthquake Appeal, Nostal Business Corp and Mabel Apparel

Locations: British Virgin Islands, Cyprus, Belarus, England and India

Ajeya Raj Sumargi

Businessman 

Arjun Sharma

Director, Muktishree Group

Companies: Airbell Services Limited Company

Location: Cyprus

Niraj Govinda Shrestha

Businessman

Companies: Spartley Ventures, Pankur Finance, Tipologia, Moneystar, Amkodor, BNK, Yagyadeep, Yumi Nepal Earthquake Appeal, Nostal Business Corp and Mabel Apparel

Locations: British Virgin Islands, Cyprus, Belarus, England and India

Arun Kumar Chaudhary

Shila Chaudhary

Karan Chaudhary

Suryansh Chaudhary

Chaudhary Group

Companies: Tenby Nominees Limited and Brock Nominees Limited 

Location: Guernsey 

Rajendra Kumar Kabra and Rekha Kabra

Bhrikuti Paper and Pulp

Company: Fragrance Town Limited Company

Location: British Virgin Islands

Lekhnath Pandey

Company: The Himalayan Adventure Limited

Mangesh Lal Shrestha

Chair, Nepal Youth Entrepreneurs’ Forum

Sanjib Rajbhandari

CEO, Mercantile Office Systems

Kiran Bhakta Joshi

Suprabha Rajbhandari

Company: Incessant Rain Company

Location: California, United States

Chandra Prasad Dhakal 

Hemraj Dhakal

Anil Kumar Lamichhane

Kamal Poudel

Companies: International Money Express UK Limited and IME Holdings Limited

Location: United Kingdom

Rama Malla 

Malla Hotel 

Companies: Sixteen Upper Brook Street Limited

Location: United Kingdom 

Partner: John Morrison Atwater

Minu Shah Chhibber 

Companies: Rooney Holdings Company Pearl 

Location: Channel Islands 

Partner: John Morrison Atwater

Shyam Bahadur Karmacharya

Medical doctor 

Company: Surgi Electro Media Company

Location: British Virgin Islands

Shatendra Gupta

Doctor/Professor

Company: Wonca International Inc

Location: British Virgin Islands

Shashikant Agrawal 

Sumit Agrawal

Nepal Sugar Mills Association

Company: Multi-Link Trading Limited Company

Location: British Virgin Islands

Rajendra Bajgain

Central committee member, Nepali Congress

Company: Gurkha Encounters Limited and FNB Publishing Limited

Location: United Kingdom 

Satish Lal Acharya 

Nepali businessman based in Singapore

Company: Pasa Holding Limited, Square Star Inc, Lacell Holding Incorporated and Leading Faith Incorporated

Location: British Virgin Islands

Other investments: Lah Sahu Distribution Company and Bitmap Private Limited (Singapore), Applifone (Cambodia) 

Bhawani Singh Shrestha

Sunivera Capital Venture Private Limited

Location: Singapore

Raj Bahadur Singh

Company: Appliphone Telecom

Location: Cambodia

Nawang Dolma

Companies: Fix Union Holdings Limited and Golden Cymbal International Limited 

Location: British Virgin Islands

Uma Devi Singhania 

Company: Silver Retreat Limited Company

Location: British Virgin Islands

Reenuka Pradhan

Punam Pradhan 

Ajay Prasad Pradhan 

Company: Rest Park Capital Inc

Location: British Virgin Islands

Bishwadhar Tuladhar

Bimal Kazi Tamrakar

Nabindra Joshi

Companies: Himalayan Investment Group and World Distribution Nepal Pvt Limited

Location: British Virgin Islands

Bishwa Barsingh Thapa

Company: Himalayan Investment Group

Location: British Virgin Islands

Bijendra Joshi

Arun Shrestha 

World Distribution Nepal Pvt Limited

Location: British Virgin Islands

Binu Shrestha

Company: Belwood Acres Limited 

Location: British Virgin Islands

Kishor Rana

Company: Celestial Investments Company

Location: Malta

Nirmal Shrestha

Company: KRB Group of Companies

Location: Malta

Shyam Milan Shrestha

Ashish Rauniyar 

Chinpal Rauniyar

Companies: Sonnet Worldwide Limited and I-linkage International Limited

Location: British Virgin Islands

Khusbu Sarkar Shrestha

Company: I-linkage International Limited

Location: British Virgin Islands 

Yogesh Lal Shrestha and Menuka Shrestha

Companies: Amkodor Earthmoving Equipment India Pvt Ltd and Maheshwar Softtech Pvt Ltd

Location: India

Rajan Lal Shrestha

Company: Maheshwar Suppliers Private Limited 

Vikas Sinha

Company: United Spirit Limited

Location: British Virgin Islands

Harish Kumar Todi Agrawal

Bijesh Todi

Bindu Todi

Company: Woodstock Universal Limited

Location: British Virgin Islands

Published: 16-01-2019 20:30

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