Gyanendra asked to declare assets

KATHMANDU, JUNE 20. In a significant move, the Opposition Communist Party of Nepal (Marxist-Leninist) today asked the Himalayan kingdom's new monarch, King Gyanendra, who reportedly has high stakes in a leading five star hotel in Kathmandu, a major tobacco firm, besides a vibrant trading company and a tea garden in eastern Nepal among others, to declare his assets. As the monarch, his income from various business interests are exempt from all taxes.

Several Nepalese industrialists have privately expressed reservations over King Gyanendra's engagements with business activities saying it would deprive them of a ``level- playing field.''

The CPN (ML)'s student wing demanded that King Gyanendra's son, Paras Shah, not be made Crown Prince in view of his ``past activities including alleged mowing down of a popular singer, Praveen Gurung, here last year''.

- PTI

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Section  : International
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