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Government Pledges to Seize Passports and Auction Assets of Cooperative Fraud Suspects

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Kathmandu, May 30 – In an announcement made today, Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel stated that those found guilty of embezzling cooperative funds will have their passports seized. On Thursday, while presenting the national budget for the fiscal year 2025-26 to a joint session of the federal parliament, Paudel disclosed the…

Speaker Backs Repeal of Foreign Loans Act in Key Vote
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Speaker Backs Repeal of Foreign Loans Act in Key Vote

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On May 24, Hon. Speaker (Dr.) Jagath Wickramaratne approved the certification for the Foreign Loans (Repeal) Bill in Parliament on Wednesday (23). After the Second Reading debate took place today, the Bill moved on to be examined during the committee stage. Following the Third Reading, it was approved in Parliament without any amendments or votes….