Kathmandu. Home Minister Sudhan Gurung has been trying to invest in 23 companies. He has been dragged into controversy for not disclosing the exact details of the shares of 2 companies while disclosing the property details.

Home Minister Gurung has purchased 25,000 units of shares in Liberty Micro Life Insurance Company and 25,000 units in Star Micro Insurance. He has invested 50,000 units of shares of two companies worth Rs 5 million at Rs 100 each.

This issue is not new. Himalaya Khabar has already published a news with details about who owns these two companies including Gurung on November 29, 2080.

The reason for the controversy now is that Gurung hid the shares while making the property details public. If he had shown the shares, there would have been no controversy. Gurung, who owns more land than the limit set by the state, has concealed the details of 50,000 units of shares, which has raised doubts about the source of the investment.

Some Genji groups have called for him to resign on moral grounds, while others are calling for the government to come out clearly about the transparency that has been created in the aftermath of the Genji movement.

The reason why this issue has come into the limelight is that Minister Gurung’s investment in a company owned by businessmen Deepak Bhatt and Sulav Agrawal, who are being investigated by the Department of Money Laundering Investigation, has come into the limelight.

Bhatt and Agrawal are currently in police custody.

Bhatta’s business partners include not only Home Minister Gurung but also various media houses and well-known financial journalists.

Dharma and Suresh Bhusal, the proprietors of Online Khabar, have invested Rs 32 lakh in Star Micro Insurance by opening a company called Remi Capfin Pvt. Ltd. Remy Capfin Pvt. Ltd. has also invested well in other companies.

Similarly, Madan Lamsal, the editor of Abhiyan daily, has shares worth Rs 50 lakh. Several other financial journalists have bought shares in these companies in the name of their wives and family members.

Gurung has invested in these companies in collaboration with Agrawal and Bhatta. Sulav Agarwal is the vice-chairman of Shankar Group. Bhatt is the chairman of Infinity Holdings. Gurung, Bhatta and Agrawal have been in a relationship for years.

It has been revealed that Bhatta was honored at a program called Hami Nepal, which was established by Gurung. The Hilton Hotel, owned by Bhatta and Agrawal, was vandalized and set on fire during the Genji agitation on September 7 and 24. The hotel has not yet received the payment of its insurance.