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DoMLI initiates probe as concerns of suspected money laundering arise over Tiger Palace Resort acquisition

KATHMANDU, Sept 21: The Department of Money Laundering Investigation (DoMLI) has initiated a probe into the contentious purchase and sale of the 'Tiger Palace Resort.' The anti-money laundering body of the government has raised concerns about the legitimacy of the transactions surrounding the five-star Tiger Palace Resort located in Tilottama Municipality, Rupandehi. Specifically, they suspect that the resort, previously operated by Himalayan Tiger Investment Inc, was funded through illegal means. ....

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Corruption blamed for plunge in foreign investments in Nepal

Capital inflow fell by 67.88 percent to Rs5.96 billion in the past fiscal year, according to Nepal Rastra Bank. ....

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Non-Resident Nepalis take charge of ailing Tiger Palace Resort

KATHMANDU, Aug 17: Bhairahawa's renowned five-star resort, the Tiger Palace Resort, facing closure due to multiple factors including the COVID-19 pandemic and operational controversies, has found a new lease of life. The reins of this ailing hotel have been taken up by a group of non-resident Nepalis, marking a significant shift in ownership and direction. ....

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Land held by Tiger Palace Resort comes under government's scanner

The company owning the land, which has a five-star casino resort in Bhairahawa, was found to have exceeded the land ceiling as provisioned by the law. ....

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UPB Season 2 finale to feature historic India-Nepal professional boxing match at Tiger Palace Resort

New Delhi [India], March 16 (ANI/SRV): UPB, a platform for professional boxing, is all set for the Season 2 finale on March 25, 2023, at Tiger Palace Resort ....

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