KATHMANDU, Jan. 17 -- In February 2015 The International Consortium of Investigative journalists (ICIJ) revealed that Nepalis held Rs5 billion in secret Swiss bank accounts. Most people thought the money must have been parked there by Nepal's corrupt politicians.
But after the Centre for Investigative Journalism Nepal (CIJ Nepal) went through 3,000 pages of documents from Swiss Leaks, Offshore Leaks, the Panama and Paradise Papers, the names were of Nepal's top business people. Even foreigners had deposited money in the banks using Nepali addresses and documents.
Savings of Nepalis in the banks have now crossed Rs50 billion, email correspondence between CIJ Nepal and Swiss banks show.
The records also reveal that Nepalis started to dep...