Sandeep Sen Published: 10:30 am Jan 10, 2021
New brand logo of Ncell - an Axiata company.
KATHMANDU, JANUARY 9
A handful of Nepali investors have made fortunes buying and selling Ncell shares using funds which appear to have flowed covertly to them via tax havens from the Malaysian telecom giant, Axiata, and Sweden’s Telia.
Some transactions by Nepali investors appear to challenge Nepal’s laws on foreign exchange controls, taxation, and foreign ownership.
An investigation by the Centre for Investigative Journalism-Nepal and Finance Uncovered, a British journalism organisation, has found that the primary Nepali beneficiaries from these deals appear to be leading businessman Upendra Mahato, his associate Niraj Govinda Shrestha, and businesswoman Bhavana Singh Shrestha, along with her company Sunivera Capital Venture.
Daniel Pearl Killing: Why Pakistan Acquitted Accused Omar Sheikh, Militant That India Released in 2000
Daniel Pearl Case: Why Pakistan Acquitted Prime Accused Omar Sheikh who was Once Held in IndiaOver 18 years after the brutal beheading of United States journalist Daniel Pearl shook the world, Pakistan s Supreme Court has acquitted the man accused of kidnapping and killing the Wall Street Journal reporter of all charges.
On Thursday, a panel of three judges ordered the acquittal of Ahmed Omar Saeed Sheikh, the prime suspect in the 2002 killing.
Who was Daniel Pearl?
Pearl, 38, was investigating Islamist militants in Karachi after the September 11, 2001, attacks on the United States when he was kidnapped. Pearl was based in Mumbai at the time as the South Asia Bureau Chief of the Journal. He was kidnapped in Karachi on January 23 and killed by his captors on February 1. His dismembered body was found buried in a shallow grave 30 km from Karachi and found in May, nearly three mont
Angola is rich in natural wealth, with massive petroleum and diamond deposits across its territory. Most of its people, however, continue to live in poverty. Since its independence in 1975, Angola has had a tumultuous journey: from being a war zone, to becoming a poster child for Chinese engagement in the continent, and since 2015, declining to its current state where the challenges are so massive negative growth rates, high external debt, rising poverty and inequality, and lack of basic health and education facilities that there is no immediate recovery in sight. This brief makes an account of Angola’s contemporary history, analyses the broad economic patterns that the country has witnessed over the past four decades, and outlines the imperatives for policymakers.
British Virgin Islands corruption scandal threatens its dependable tax haven reputation
The territory, whose shell companies have repeatedly played a role in notorious global crime schemes, also may be blacklisted by the EU after the Brexit deal. January 26, 2021 British Virgin Islands’ capital city, Road Town
The British Virgin Islands is reeling from a corruption scandal that threatens to upend the territory’s reputation as one of the world’s most dependable tax havens.
Last week, outgoing BVI Governor Augustus Jaspert announced a commission of inquiry to investigate allegations of corruption and the misuse of millions of dollars in public funds.