Property probe sparks anxiety among former officials
Summary
The government has launched a wide-ranging probe into the property holdings of former and current public officials, causing anxiety among bureaucrats and business leaders amid warnings of economic repercussions.
Key Points
- The Balen Shah-led government initiated a commission to investigate property holdings of officials from fiscal years 2062/63 to 2081/82.
- Nearly 30,000 individuals including former prime ministers, ministers, judges, and senior officials are under scrutiny.
- The probe has caused anxiety and economic slowdown, including declines in stock market activity and business expansions.
- Officials argue some investigations may be unfair due to lack of historical records and no legal limitation period for old cases.
