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Nepal lawmaker calls for task force to trace overseas funds of officials
🇳🇵 Nepal /Elections & Politics

Nepal lawmaker calls for task force to trace overseas funds of officials

From OnlineKhabar English · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • A Nepali Congress lawmaker proposed forming a special task force to trace funds held by high-ranking Nepali individuals in foreign banks.
  • The proposal draws inspiration from Bangladesh's initiative to investigate overseas assets of its officials.
  • The lawmaker urged the government to address corruption occurring outside the country, citing reports of money held in various international banks.

Arjun Narsingh KC, a lawmaker from the Nepali Congress, has proposed the establishment of a special task force to investigate and trace funds held in foreign banks by high-ranking Nepali individuals.

KC cited Bangladesh's recent formation of a similar task force to investigate the overseas assets of its officials following a public movement. He suggested that Nepal should undertake a comparable initiative, urging the government to collaborate with the Nepal Rastra Bank and the Commission for Investigation of Abuse of Authority.

Can you (the Rastriya Swatantra Party government), in coordination with the Nepal Rastra Bank and the Commission for Investigation of Abuse of Authority, establish a special commission to investigate and control corruption taking place outside the country?

— Arjun Narsingh KCNepali Congress lawmaker Arjun Narsingh KC proposing a special commission to investigate overseas corruption.

"Can you (the Rastriya Swatantra Party government), in coordination with the Nepal Rastra Bank and the Commission for Investigation of Abuse of Authority, establish a special commission to investigate and control corruption taking place outside the country?" KC questioned. He expressed skepticism about the government's willingness, stating, "I don’t think there is enough courage for this, but I have still proposed that such an investigation be carried out."

I don’t think there is enough courage for this, but I have still proposed that such an investigation be carried out.

— Arjun Narsingh KCLawmaker KC expressing doubt about the government's political will to investigate overseas corruption.

The lawmaker emphasized the need for the government to focus on corruption occurring abroad, noting, "Forgive me, but corruption is currently taking place on the largest scale outside the country." He mentioned reports indicating that significant amounts of money are held in banks in Singapore, Cambodia, Switzerland, and other locations worldwide, without specifying individuals involved.

KC's proposal highlights concerns about illicit financial flows and potential corruption among Nepali elites. The call for transparency and accountability in overseas financial dealings aims to curb corruption and recover potentially misappropriated funds.

Forgive me, but corruption is currently taking place on the largest scale outside the country.

— Arjun Narsingh KCLawmaker KC highlighting the extent of corruption occurring outside Nepal.
DistantNews Editorial

Originally published by OnlineKhabar English in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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