Assets Probe Commission Directs All Former and Current Public Officials to Declare Domestic and Foreign Wealth
The Assets Investigation Commission has directed all current and former public officials since FY 2062/63 to submit detailed declarations of their domestic and foreign assets within 30 days, including income sources and supporting documents.
The government-formed ‘Assets Investigation Commission, 2083’ has directed all former and current public office holders to submit a complete statement of their assets within 30 days, including property held in Nepal and abroad in their own name and that of their family members.
According to a public notice issued by the commission, the investigation will cover individuals who held public office from Fiscal Year 2062/63 up to the end of Chaitra in the current Fiscal Year 2082/83, as well as those who have already retired from public service.
The scope of the investigation includes former and current Prime Ministers, Ministers, Members of Parliament, Constituent Assembly members, provincial heads, chief ministers, provincial ministers, and provincial assembly members.
Similarly, heads and officials of constitutional bodies, former judges, senior officials of the Nepali Army, Attorney General, Chief Attorneys, local government heads and deputy heads, and officials of district coordination committees are also included.
Senior civil servants from the civil service, police, armed police force, and national investigation department, as well as gazetted first-class officers and equivalent ranks, have also been instructed to submit their asset details.
The commission further includes the Governor and Deputy Governors of Nepal Rastra Bank, executives of government banks and financial institutions, and senior officials of public enterprises, commissions, boards, and universities.
Advisors, private secretaries, personal secretaries, and other officials working with the President, Prime Minister, Ministers, and heads of constitutional bodies and receiving state facilities are also required to submit their details.
The commission has made it mandatory to disclose all movable and immovable property, bank balances, share investments, loans, business ownership, agricultural and livestock income, remittances, foreign visits, salaries, and all other sources of income. Supporting documents verifying the source of assets must also be submitted.
The commission has warned that individuals who submit false or incomplete information, or fail to submit within the deadline, will face legal action as per prevailing laws.