KATHMANDU, April 20: Home Minister Sudan Gurung has issued a detailed clarification regarding recent controversy surrounding his share investments, saying that he has not concealed any financial details and that the allegations are being misinterpreted.
In a statement shared on social media, Gurung rejected claims that he hid shares worth Rs 25 million, arguing that not all shares are of the same category and must be properly classified.
He said his total investment in the securities market exceeds Rs 20 million and added that the details can be viewed on the official website of the Council of Ministers. According to him, investments in companies such as Star Micro Insurance and Liberty Micro are included within the same declared portfolio.
“I would not hide Rs 2.5 million worth of shares when my total declared assets exceed Rs 20 million. This is simply a matter of classification,” he said.
Home Minister Sudan Gurung holds Rs 43.1 million in share inves...
Gurung also clarified that he purchased shares before becoming a minister and argued that investing in the stock market is not a crime. He further stated that all transactions were carried out through formal banking channels.
Explaining the source of funds, he said the investment was made through a bank loan, supported by legal documentation dated 15 September 2023, and that all financial flows can be verified through banking records.
Addressing concerns about his association with controversial business figures, he said being a shareholder does not imply direct partnership with all individuals linked to a company, noting that large firms often have hundreds or thousands of investors, including media houses and banks.
On allegations of conflict of interest, he stated that the investigation is being conducted by the Department of Money Laundering Investigation under the Ministry of Finance, not the Home Ministry, and therefore there has been no interference from his side.
He added that investment decisions always involve risk and should not be judged based on outcomes that emerge later. He also defended his delayed response, saying that sensitive legal matters require careful consideration rather than immediate reaction.
Concluding his statement, Gurung said that “allegations and truth are not the same,” and emphasized that decisions should be based on evidence rather than emotion. He also pledged full cooperation with any party-led or official investigation into the matter.
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