Government recovers ownership of Bansbari Leather Shoe Factory Land

KATHMANDU: In a significant development, the government has reclaimed ownership of the land previously held by Bansbari Leather Shoe Factory Limited.

During a press conference today, Minister for Land Management, Cooperatives, and Poverty Alleviation, Balaram Adhikari, announced that the government has successfully brought the land under its ownership as per the provisions of the Property Act 2034 BS.

Adhikari highlighted that the 10 ropani of land, originally owned by the state-operated Bansbari leather shoe factory, has been restored to government ownership with the assistance of the Central Investigation Bureau of Nepal Police.

The investigation, spanning over three months, revealed illegal privatization of government land.

This led to the arrest of businessman Arun Chaudhary, former executive chairperson of the shoe factory, along with Ajit Narayan Singh Thapa and Sanjay Thakur on January 18 for their involvement in the unlawful transfer of ownership.

Following this development, the Land Reform and Revenue Office has taken decisive action to transfer ownership of the land back to the government.

Notably, CG Chandbaag Residency had been constructed on this land through fraudulent documentation and procurement processes.