CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

Casino operator barred from leaving country for evading tax

CEO Tab by CEO Tab
January 17, 2022
in Prime News
0
Casino operator barred from leaving country for evading tax
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

The Ministry of Culture, Tourism and Civil Aviation has barred Mike Bolsover, the officiating chief executive officer of SHL Management Pvt Ltd, from leaving the country.

You might also like

Govt Doubles Health Insurance Coverage to Rs 200,000 for Serious Illnesses Starting July 17

NEPSE Rallies 22 Points to Close at 2,705.90, Manufacturing Sector Leads the Surge

Nepal’s Economic Pulse Strengthens: NRB Reports Boost in Key Macroeconomic Indicators

The Ministry took the decision to bar from leaving country on Minister Prem Bahadur Ale’s direction. Officiating CEO of the Casino Bolsover was held from Tribhuvan International Airport at 10 pm on Saturday as he was about to leave for South America.

It is said Bolsover has not paid Rs 130 million he owes to the government for operating the casino. He was held as he was trying to escape without paying tax.

He has not paid the revenue of the two casinos he has been operating. Bolsover has been running a casino each at Shangri-La Hotel at Lazimpat in Kathmandu and at Tiger Palace in Bhairahawa with an investment of OCP Asia.

He owes Rs 65 million to the government from each casino. He was required to pay the tax within January 14 but had not done so and was trying to escape from the country. The eight casino companies in operation have deposited at least Rs 400 million in the government accounts following Minister Ale’s directives.

However, SHL Management Pvt Ltd had not deposited Rs 130 million it owed as revenue to the government. SHL Management Pvt Ltd is alleged to illegally operate a five-star hotel on 23 kaththas government land at Bhairahawa, Tilottama Municipality-6. The Supreme Court had also ordered the Company not to carry out any transactions.

Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

Govt Doubles Health Insurance Coverage to Rs 200,000 for Serious Illnesses Starting July 17

by CEO Tab
July 9, 2025
0
Life Insurance Sees Surge as Bank FD Rates Drop

The Government of Nepal has announced a significant expansion in its national health insurance program, doubling the coverage limit to Rs 200,000 per person. The new provision will...

Read more

NEPSE Rallies 22 Points to Close at 2,705.90, Manufacturing Sector Leads the Surge

by CEO Tab
July 9, 2025
0
Share market rises by 74.93 points ahead of monetary policy

The Nepal Stock Exchange (NEPSE) posted a strong gain on Wednesday, climbing 22.04 points to close at 2,705.90 — reflecting growing investor optimism across most sectors. The trading...

Read more

Nepal’s Economic Pulse Strengthens: NRB Reports Boost in Key Macroeconomic Indicators

by CEO Tab
July 9, 2025
0
Interest rates not to change despite high demand for loans

Nepal Rastra Bank has reported a wave of positive developments in the country’s macroeconomic indicators, offering a sign of recovery amid continued concerns over Nepal’s broader economic challenges....

Read more

Govt Proposes 5x Insurance Boost for Domestic Air Crash Victims, Aligns with Global Standards

by CEO Tab
July 9, 2025
0
MoCTCA reports arrears of Rs 4.20 billion as of mid-January of current FY

In a landmark move toward air passenger rights and safety, the Government of Nepal is proposing to raise domestic air crash insurance compensation fivefold — from USD 20,000...

Read more

Private Sector Lending Increases by NPR 407.62 Billion in 11 Months of FY 2081/82

by CEO Tab
July 8, 2025
0
NRB removes margin lending of Rs 120 million

Bank and financial institutions (BFIs) in Nepal have increased their credit flow to the private sector by NPR 407.62 billion in the first 11 months of the fiscal...

Read more
Next Post
Energy Minister in consultation to run e-vehicles

Govt calls international community to invest in Nepal's clean energy

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.