Government’s open protection for a business group close to the ruling party has become a matter of serious public concern recently. Its undue favor for Yeti Group and various companies associated with it, for example, has not only brought the disgrace on the government but also Yeti Group is becoming synonymous with misrule and policy corruption. The government allowed it to use several prime public properties including Nepal Trust property worth billions of rupees from Kathmandu to the Everest Base Camp for business. Yeti Group managed to transfer the ownership of land inside the Sagarmatha National Park to its name to establish Kongde View Resort.
KATHMANDU, Feb 26: The decision to shortlist Switzerland’s Zurich Airport International AG alone for developing and operating Nijgadh International Airport is found be have been taken under the influence of the Yeti Group.
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 27: While downplaying the amending of the Nepal Trust Act recently to unduly benefit the business conglomerate Yeti Group, Deputy Prime Minister and Defense Minister Ishwar Pokharel has claimed that the lease for Gokarna Forest Resort was extended in accordance with the provisions of the Nepal Trust Act and relevant regulations.
KATHMANDU, Dec 24: Ruling and opposition party MPs have demanded that the government clarify to parliament its controversial decision to extend the lease for Gokarna Forest Resort to the Yeti Group six years prior to the expiry of the current lease.
KATHMANDU, Dec 23: A chronology of the events showcases how Yeti Group, owned by late Ang Tshering Sherpa, has benefited from its political connections. Prime Minister KP Oli and Sherpa’s relationship goes back to decades. Prime Minister Oli’s close associates say he was “deeply pained” by the sudden death of Sherpa, along with Tourism Minister Rabindra Adhikari, in a helicopter crash earlier this year.