Nepal PM Prachanda owns only 34 gm of gold, one katha of land | world-news | Hindustan Times
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Nepal PM Prachanda owns only 34 gm of gold, one katha of land

world Updated: Dec 14, 2016 22:07 IST
HT Correspondent
HT Correspondent
Hindustan Times

File photo of Nepal’s Prime Minister Pushpa Kamal Dahal, also known as Prachanda, talking to the media at a news conferences in Kathmandu on November 11, 2016.(AFP)

A report released by the office of Nepal Prime Minister Pushpa Kamal Dahal “Prachanda” on his assets surprised many, especially those who believe he has lived a lavish life since he came overground in 2006.

According to the report, Pracahnda owns just one katha (338.57 square metres) of land and three tolas (approximately 34 grams) of gold.

The land is registered in the name of his wife, Sita Dahal, at Chitwan in Bharatpur, and is described as ancestral property. The gold too was shown as ancestral property.

Prachanda does not have any cash in his bank account or in hand, and he doesn’t own a vehicle or shares in any company, according to the report.

Earlier, former premier Sushil Koirala had hit headlines around the world by disclosing that he owned only two mobile phones and no other assets.

Though Prachanda draws Rs 77,000 ($750) as his monthly salary and has other perks, including a daily allowance during foreign visits, the report did not disclose them. Prachanda has made two visits to India since he assumed office this year.

Some of the ministers in Prachanda’s cabinet are multi-millionaires but his deputy, finance minister Krishna Bahadur Mahara, does not have many assets.

Mahara owns a two-storey house and a shed in Ropla district. The house is being used by a local cooperative. Mahara has owned a small piece of land in Rolpa that largely remains barren.  He does not have a bank account but had Rs 80,000 in hand that was derived from his salary.

Nepal has made it mandatory for members of the cabinet to disclose their assets after a new government is sworn in. 

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