Kathmandu
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Energy Minister Shrestha declares bank deposits, property, gold and vehicles in asset disclosure

April 12, 2026
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KATHMANDU: Energy Minister Biraj Bhakta Shrestha has disclosed assets including bank deposits, property, gold, shares, and vehicles in his latest property statement.

According to the details made public, Shrestha has over Rs 8,040,117 deposited across eight banks in Kathmandu. Of this, funds in six banks are from self-earned income, while Rs 1.5 million in Synergy Cooperative Ltd. is from ancestral sources, and Rs 2.5 million is from a mix of ancestral, marital, and self-earned income.

He owns two houses in Kathmandu—one in his own name in Ward No. 24 and another in the name of Bikash Shrestha in Ward No. 13. The properties cover two and four annas of land respectively, and he stated that both houses were built by selling ancestral property.

His declaration also includes 15 tolas of gold and 50 tolas of silver, sourced from ancestral and marital property, along with 20,978 shares in various companies valued at over Rs 14.5 million.

On the liability side, he has taken loans of Rs 2 million from his father, Rs 3 million from Nabil Bank for vehicle purchase, and Rs 3.5 million from Synergy Cooperative.

His assets further include a Land Cruiser purchased for Rs 850,000, a scooter worth Rs 246,000, an electric vehicle worth Rs 1.9 million, and branded watches valued at Rs 300,000.