Names of seven Nepalis appear in the Panama Papers offshore data that the International Consortium of Investigative Journalism (ICIJ) released on Monday.
Among them are Upendra Mahato, Nawang Dolma, Umadevi Singhania, Arun Kumar Chaudhary, Survansh Kumar Chaudhary, Karan Kumar Chaudhary and Shila Chaudhary.
| Names | Linked To | Data From |
|---|---|---|
| MAHATO UPENDRA | Nepal | Panama Papers |
| Nawang Dolma | Nepal | Panama Papers |
| UMA DEVI SINGHANIA | Nepal | Panama Papers |
| Arun Kumar Chaudhary | Nepal | Panama Papers |
| Survansh Kumar Chaudhary | Nepal | Panama Papers |
| Karan Kumar Chaudhary | Nepal | Panama Papers |
| Shila Chaudhary | Nepal | Panama Papers |
| Reenuka Pradhan | Nepal | Offshore Leaks |
| REKHA KABRA | Nepal | Offshore Leaks |
| DR. SHYAM BAHADUR KARMACHARYA | Nepal | Offshore Leaks |
| SHASHI KANT AGARWAL | Nepal | Offshore Leaks |
| Harish Kumar Todi | Nepal | Offshore Leaks |
| Bijesh Kumar Todi Agrawal | Nepal | Offshore Leaks |
| Professor Shatendra Kumar Gupta | Nepal | Offshore Leaks |
| Bimal Kazi Tamrakar | Nepal | Offshore Leaks |
| Bijendra Joshi | Nepal | Offshore Leaks |
| Binu Shrestha | Nepal | Offshore Leaks |
| Bishwa Barsingh Thapa | Nepal | Offshore Leaks |
| RAJENDRA KUMAR KABRA | Nepal | Offshore Leaks |
Source : ICIJ
Upendra Mahato is the former chairman of Non-Residential Nepali Association, while Arun Kumar Chaudhary is the Managing Director of Chaudhary Group. He is brother of Nepal’s only billionaire Binod Kumar Chaudhary.
Along with the seven names, four addresses have also been published.
The data shows Mahato to be connected to one address and two entities. The OpenCorporates shows him as director of two Cyprus-based firms — Timeturns Holdings Limited and MoneyStart Ltd.
According to ICIJ, its searchable database has stripped away the secrecy of nearly 214,000 offshore entities created in 21 jurisdictions, from Nevada to Hong Kong and the British Virgin Islands.
ICIJ said it was publishing the information in the public interest.
Meanwhile, in its disclaimer ICIJ has said that there are legitimate uses for offshore companies and trusts and it did not intend to suggest or imply that any persons, companies or other entities included in the ICIJ Offshore Leaks Database have broken the law or otherwise acted improperly.
