Nepal Trust has assumed ownership of 6‚244 ropanis of land

KATHMANDU:

The Nepal Trust Office has identified and assumed ownership of more than 6,000 ropanis of land since it was founded on 22 November 2007 following the second people’s movement to look into the assets owned by the late king Birendra and his family, manage them and utilise them in the interest of the nation.

Till the end of fiscal year 2013/14, the Trust had assumed ownership of 6,244 ropanis of land. Chairperson of Nepal Trust and Deputy Prime Minister Bamdev Gautam submitted the report of the Trust for the 2013/14 fiscal to Prime Minister Sushil Koirala at a programme held here today.

Accepting the report, Prime Minister Koirala pointed out the need to bring under the authority of the Trust all the properties owned by the ex-royal family and to utilise them to meet the education and health needs of the people.

On the occasion, Secretary of the Trust Dr Nar Bahadur Rajwar shed light on the work carried out by the Trust, its future plan of action and challenges.

The Trust plans to carry out search for more movable and immovable properties of the ex-royals across the country, as well as out the country.

The Trust has land under its ownership from the former royals in Kathmandu, Bhaktapur, Nuwakot, Dhankuta, Makwanpur, Kavre, Surkhet, Kaski and Chitwan, along with shares in banks, hotels and institutes.

The Nepal Trust also has a deposit of more than 200 million rupees in cash. Apart from protecting the property, the Trust also plans to invest in educational, academic and health sectors of the country.

Source: THT