KATHMANDU, Feb 25: The Department of Money Laundering Investigation (DMLI) has started an investigation into the process started by Silver Heritage Group to sell its Nepal's Tiger Palace Resort, an operation that has courted controversy for building its property in 'illegal land'.
KATHMANDU, Nov 26: Silver Heritage Group Ltd, the Australia-listed company that owns Tiger Palace Resort in Bhairahawa, is preparing to sell its Nepal operation, raising concerns over possibility of tax avoidance from the transaction carried out abroad.
KATHMANDU, Oct 24: Nepal Rastra Bank (NRB) has sought details of loan exposure of Prime Commercial Bank Ltd to Tiger Palace Resort owned and operated by Silver Heritage Group Ltd which has been accused of encroaching public land to build structures for the resort.
BUTWAL, Dec 5: An enraged group of locals vandalized the casino of the Tiger Palace Resort, a five-star hotel, at Kotihawa in Rupandehi at 8 pm on Saturday after the hotel management allegedly tried to fire some of its local employees without prior notice. The hotel management has filed a complaint at the District Administrative Office (DAO) to investigate into the vandalism claiming that it suffered property losses worth Rs 2 million.