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There are thousands of shareholders in the company, buying shares is not a partnership with all: Home Minister Gurung

SPIL
Nepal Life

Kathmandu. Home Minister Sudan Gurung has clarified the controversial issue of shares in the media. “There is a big difference between rumours and truth,” he said in a statement on his social media. He has denied various allegations and discussions related to his name in recent days.

“Shares worth Rs 25 lakh have been hidden,” he said. The reality is that not all stocks are the same. I have clearly mentioned in the portfolio of more than Rs 2 crore investment assets as shares to be traded in the stock market, which can be seen on the website of the Council of Ministers. The investment in Star Micro Insurance and Liberty Micro has also been included in this group. It’s not a matter of hiding, it’s a matter of classification.

Esewa
Crest

Simply put, the person who hides it does not openly show assets worth more than Rs 2 crore. “The shares were bought before he became a minister,” it said. Since when did it become a crime to invest in stocks in this country? All transactions have been done through banking channels.

All the money from the bank is accounted for. When it went, where it went, to whom it went, it was all visible. How to hide such money? Where to hide? Now, as far as the source is concerned, the amount I invested was raised through a loan, and the written deed is dated 2080/05/29, which is on record. According to the agreement, the loan amount has come through banking channels and the same amount has been used for investment.

That is, where the money came from is not a matter of conjecture, but a matter of proof by paper and bank records.

It is called “partnership with a controversial person”. There are hundreds of thousands of shareholders in the same company. Buying shares is not about sharing with everyone. If that is the basis, then everyone who invests in the same company will be held to blame in the same way, which is not fair. From media houses to banks, there are investments in the same company. Are they all partners or blameworthy?

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