Triveni Group Accused of State Financial Losses Through Privatization Deal
Nepal's influential Triveni Group is accused of causing millions in state losses by leveraging political influence in supplementary agreements after the privatization of the Nepal Tea Development Corporation. These agreements reportedly reduced rental obligations and waived interest payments, leading to significant financial detriment to the government. The state-owned corporation was acquired by the Triveni Group in 2000, with the government retaining a 35 percent stake.
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3 days ago