Government Actions Cause Distress Among Business Community
Summary
Business leaders in Kathmandu say government raids and police searches are frightening entrepreneurs and weakening investment confidence. A police raid on industrialist Prakash Mundada’s residence in Morang returned empty-handed, drawing sharp criticism from the private sector.
Key Points
- Business leaders accuse the government of harassing the private sector and damaging the investment climate through aggressive searches and raids.
- Nabin Rizal and Birendra Raj Pandey say guilty parties should face legal action, but innocent businessmen should not be intimidated without evidence.
- Police raided the residence of industrialist Prakash Mundada in Morang over alleged illegal cash and Hundi money, but found nothing.
- Former Finance Minister Rameshwor Khanal also criticized the raid as a bad act.
