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Reading: Nepal ex-PM below fireplace for alleged corruption over Patanjali-linked land deal, fined $1 million
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StockWaves > Business > Nepal ex-PM below fireplace for alleged corruption over Patanjali-linked land deal, fined $1 million
Business

Nepal ex-PM below fireplace for alleged corruption over Patanjali-linked land deal, fined $1 million

StockWaves By StockWaves Last updated: June 8, 2025 3 Min Read
Nepal ex-PM below fireplace for alleged corruption over Patanjali-linked land deal, fined  million
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Authorities in Nepal have charged former Prime Minister Madhav Kumar Nepal with corruption and demanded a million-dollar effective over the acquisition of land by a agency owned by Indian yoga guru Baba Ramdev, a courtroom official stated on Friday.

Nepal, prime minister between 2009 and 2011, faces fees of permitting Patanjali Yogpeeth Nepal firm to buy extra land than it was legally allowed to personal for herb manufacturing, processing and a hospital within the Himalayan nation 15 years in the past.

Each Nepal and Patanjali Yogpeeth deny any wrongdoing.

The 72-year-old Nepal heads a small opposition group in parliament and his United Socialist Celebration says the prosecution is an act of “political vendetta” towards him.

“I’ve not accomplished something unlawful nor indulged in any corruption regarding Patanjali land deal inflicting any loss to the state,” Nepal instructed the Kantipur every day newspaper.

The Fee for the Investigation of Abuse of Authority (CIAA), a corruption watchdog, alleged that among the land, in Kavre district, was later allowed to be swapped with different land, or bought at a better value, inflicting a loss to the state.

The allegations have been set out in a cost sheet filed by the fee on Thursday on the Particular Court docket in Kathmandu.

The fee demanded Nepal be ordered to pay a effective of 185.85 million Nepali rupees ($1.35 million). If discovered responsible, he may be sentenced to as much as 17 years in jail.

A spokesperson for Patanjali in India denied any wrongdoing, saying it purchased the land privately by due authorized course of.

“Patanjali has not acquired any authorities land. It’s unfair to pull our identify in native political vendetta actions and proceedings,” S Okay Tijarawala, Patanjali’s spokesperson, instructed Reuters in a textual content message.

The fee additionally charged 92 others, together with some former ministers and officers, a few of whom are already useless.

Yaga Raj Regmi, info officer of the courtroom, stated Nepal would obtain a proper courtroom discover giving him 15 days by which to current himself at courtroom and the listening to would begin after that.

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