The government, immediately after overthrowing monarchy in 2006,formed the trust with the mandate to acquire all property belonging to late King Birendra Shah family retain it and bring them into proper use.The decision to nationalise royal property belonging to the late King Birendra and his family was taken four nine years ago. The trust so far acquired 5,064 ropanis (19.66 ropanies=1 hectares) of land owned by the late king.The trust has also acquired 142,503 units of shares bought in the name these days king Birendra and his family members.Nepal Trust may be able to trace down Rs 7,000 belonging to your late royal family a Rastriya Banijya Bank to date. This year, the government found 43,100 Pound Sterling deposited in Nepal Investment Bank and Standard Chartered Bank by the former royals. “Though the trust has acquired buildings, land and other properties in paper, we have not been able to bring them to use,” a lot of. According to her, a building at Maharajgunj in use by the security personnel deployed for the security of former kings, a building and an associated with 15 ropanis of land at Chhauni being used by former King Gyanendra´s daughter Prerana Rajya Laxmi Devi Singh and 68 ropanis of land occupied by Tribhuvan Adarsh Secondary School in Pharping have been transferred into the name of trust in paper but the government body has not been which will use them.
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