KATHMANDU, Feb 26: A white paper released by Nepal Trust, a government authority to oversee the nationalized former royal family land and property in the country, has revealed that the government lost Rs 5 billion rental fee while leasing out the valuable land at Durbarmarga three years ago.
KATHMANDU, Feb 24: Members of Nepal Trust and controversial Yeti Holding Private Limited attended the 'grand' birthday celebration of Prime Minister KP Sharma Oli at his birthplace at Iwa of Aathrai rural municipality in Tehrathum district on Sunday.
KATHMANDU, Jan 31: Prime Minister KP Oli has accused the media of coming under the influence of ‘blackmailers’ in hounding the government decision to provide land of Nepal Trust in various places to the Yeti Group.
KATHMANDU, Dec 29: Yeti Holdings, which secured leases and a lease extension for prime properties belonging to the Nepal Trust such as Gokarna Forest Resort and land on Durbarmarg and in Kalimati at bargain-basement rates, has initiated quiet political maneuverings to secure a lease on yet another prime property belonging to the Trust, in Pokhara.
KATHMANDU, Dec 28: Thamserku Trekking, one of the sister companies of Yeti Holdings, has been awarded another huge land plot, at Kalimati near Soaltee Hotel, for 30 years. As per a lease agreement with the Nepal Trust, the land will be used for a commercial building, it is learnt.
Kathmandu, Dec 27: The state would get around Rs 4.32 billion benefit directly and indirectly from the agreement to extend the term of lease agreement of Gorkarna Forest Resort, according to the Office of the Nepal Trust. The lease term of the agreement was extended for an additional 25 years by the cabinet's decision held on December 9 based on the legal provision that new agreement can be signed before the termination of the old agreement.
KATHMANDU, Dec 27: Bibeksheel Nepali Dal expressed concern over controversies being surfaced on leasing the land of Nepal Trust at Durbar Marg to Thamserku Developers and extension of the lease period of Gokarna Forest Resort for another 25 years.
KATHMANDU, Nov 15: In yet another instance of the misuse of political power, a sister company of Yeti Holdings Private Limited is found to have secured a huge area of land in the prime location of Durbarmarg in the capital belonging to Nepal Trust, at an unbelievably low rent.