Nepalis linked to Panama Papers revealed


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
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

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.

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