Kathmandu. Lawmaker Swarnim Wagle has said that hydropower and hotel sector would be like cooperatives in the future. In the meeting of the Finance Committee, he said that the hotels are now growing like mushrooms.

“Everyone has a formula in these areas. They are over-invoicing, doing capital flights, carrying more loans from banks, issuing IPOs in a year or two and luring people,” he said. Everyone has plans. ’

He said that the hotel has become like a banquet due to lack of tourists in Nepal. “They are not selling hotel rooms but eating rice,” he said. In the game of IPO, how do you take the regulatory body towards purity? ’

In the meeting, he reminded that the directors used to impose burden on the small investors who invested Rs 10,000 and Rs 10,000 in ipOs. He said that there is talk that the commission game has increased to go to the IPO and corruption has increased by capturing the policy.