Nepal’s Home Minister Sudhan Gurung is facing questions after records showed he purchased shares worth over Rs 5.3 million in the weeks leading up to his appointment.
Documents indicate that Gurung bought shares between mid-Magh and early Chait, a period of around 50 days following the Gen-Z movement. His trading activity continued until just five days before he assumed office in the government led by Balendra Shah.
The records show that Gurung made multiple transactions through a broker, investing in the secondary market for the first time. Most of the shares were reportedly purchased in a single company, raising further attention to the timing and concentration of the investment.
Additional scrutiny has emerged over his reported involvement in companies linked to businessman Deepak Bhatt, who is currently under investigation in a money laundering case. Gurung is said to hold founder shares worth around Rs 5 million in two micro-insurance companies associated with Bhatt’s business group.
While Gurung has publicly disclosed some of his assets, details about specific listed companies in which he holds shares remain unclear. His filings indicate investments worth over Rs 27 million in publicly traded companies, but without naming them individually.
The developments have raised broader concerns about transparency and the sources of investment funds, especially given Gurung’s transition from public life into a key government role. Questions have also been raised about potential business links and whether all holdings were fully disclosed.
Attempts to seek clarification from the minister have not been successful so far, leaving several issues unanswered as public scrutiny continues to grow.