Latest Breaking News On - Axiata investments - Page 6 : comparemela.com

KUALA LUMPUR (Jan 9): It would seem that Axiata Group Bhd s woes in Nepal did not end despite its 80%-owned Ncell Private Ltd already paying over US$420 million in capital gains taxes demanded by Nepalese authorities the last payment being the US$185 million “made under protest” last April and without prejudice to Ncell s and Axiata UK s position in an international arbitration against the Federal Democratic Republic of Nepal . According to a report by the Centre of Investigative Journalism-Nepal (CIJ-Nepal) and Finance Uncovered, a British journalism organisation, Axiata appears to have part-financed its Nepali local partner’s purchase of the remaining 20% stake in Ncell in 2016.

Kuala lumpurUnited kingdomFederal democratic republic of nepalNiraj govinda shresthaBhavana singh shresthaNepal office of the auditorAxiata group bhdAxiata to southern coast ventures pvt ltdNcell private ltdAxiata investments cambodia ltdCentre of investigative journalismAxiata investments cambodia ltd on decSunivera capital venture pvt ltdSmart axiata co ltdTeliasonera norway nepal holdingsAxiata united kingdom