MOHA Confiscates NPR 2 Billion in Corrupt Assets: Properties of Former Officials Seized

MOHA Confiscates NPR 2 Billion
Share It On:

17th January 2025, Kathmandu

The Ministry of Home Affairs has ramped up its efforts to reclaim assets obtained through corruption. It has proposed transferring these properties, including land and buildings, into government ownership.

MOHA Confiscates NPR 2 Billion Corrupt Assets

This follows Supreme Court rulings supporting the seizure of assets acquired through illegal means. Suresh Panthee, Director General of the Department of Asset Management, shared that over 3,500 court verdicts have been issued for the confiscation of corrupt assets.

Targeting Assets Worth NPR 2 Billion

The ministry is set to seize assets worth around NPR 2 billion. The initial focus is on properties in the Kathmandu Valley, primarily those owned by five former government officials involved in corruption. These properties, which have been used by individuals for some time, are now being reclaimed for government use.

Active Steps in Seizing Corrupt Assets

Panthee explained that the ministry has established five teams, led by branch officers, to gather relevant documents and evidence on the seized assets. The government is working quickly to ensure these properties are legally transferred into its name.

Legal Process for Asset Seizure

According to the law, assets gained through corruption and criminal activities can be confiscated. The ministry will either auction or repurpose these assets for public use once they are seized. Properties linked to corruption cases will be transferred for government use, ensuring they benefit the public.

Case Involving Criminal Assets

The ministry is also addressing properties linked to criminal activity. A significant case involves an Indian national, Niranjan Hojai, who had used a false identity to acquire land in Kathmandu. Hojai, involved in criminal and terrorist activities, hid his identity by using fake citizenship documents. The government is now working to seize this property.

Former Civil Servants Among Targeted Individuals

The first set of properties targeted for confiscation belong to former civil servants: Ammonand Mishra, Saraswati Dhungana, Murari Bahadur Karki, Keshar Jung Khadka, and Ramatra Chaturvedi. These individuals amassed wealth through corruption and used properties in the Kathmandu Valley. The ministry is actively working to reclaim these properties for the state.

Criminal Networks and Concealed Assets

In another case, Niranjan Hojai, who acquired land in Kathmandu under a fake name, used his marriage to a Nepali woman to conceal his identity. Despite vacating the property over a year ago, it hasn’t yet been transferred to the government. After a thorough investigation, the ministry has identified the property as being linked to Hojai’s criminal activities.

Government Commitment to Asset Recovery

The Ministry of Home Affairs is determined to recover assets gained through corruption and criminal actions. The government is ensuring these properties are returned to the state, either for public use or auction, as per legal guidelines. The seizure process continues to move forward with urgency.

In conclusion, the government is taking decisive steps to recover assets linked to corruption and criminal activities. The ministry remains committed to ensuring that these properties are used for the benefit of the public and the nation, following all legal procedures.

For more:  MOHA Confiscates NPR 2 Billion Corrupt Assets


Share It On:

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

B2B Summit 2025 in Pokhara: Boosting Nepal’s Tech Scene

B2B Summit 2025 in Pokhara: Boosting Nepal’s Tech Scene

Share It On:30th January 2025, Kathmandu CAN Federation Kaski Branch is set to organize the B2B Summit 2025 to promote

Brother Printer Sale 2025: Up to 50% Discount on Toner Box Series in Nepal

Brother Printer Sale 2025: Up to 50% Discount on Toner

Share It On:30th January 2025, Kathmandu Brother, one of the most popular printer brands in Nepal, has announced a special

Everest Bank Debenture Issue: NPR 3 Billion, 7.50% Interest, Public & Individual Investors, SEBON Approval

Everest Bank Debenture Issue: NPR 3 Billion, 7.50% Interest, Public

Share It On:29th January 2025, Kathmandu Nepal Securities Board (SEBON) has granted Everest Bank the approval to issue a debenture

Nepal Bank Housing Loan Scheme: Saral Awas Karja for Easy Homeownership with 6.63% Interest

Nepal Bank Housing Loan Scheme: Saral Awas Karja for Easy

Share It On:29th January 2025, Kathmandu Nepal Bank Limited, the first bank of Nepal, has launched a new housing loan

IME Life Insurance Q2 Earnings Report: 14% Profit Growth, Life Insurance Fund, Premium Collection

IME Life Insurance Q2 Earnings Report: 14% Profit Growth, Life

Share It On:29th January 2025, Kathmandu IME Life Insurance has made history as the first insurance company to release its

Global IME Laghubitta Q1 Earnings: 147% Growth, Improved NPLs, Increased Deposits – Microfinance Sector

Global IME Laghubitta Q1 Earnings: 147% Growth, Improved NPLs, Increased

Share It On:29th January 2025, Kathmandu Global IME Laghubitta has reported a significant profit increase of 147.57% in the first