Kathmandu: China uses corrupt leaders of economically weak countries to make inroads into those nations- Nepal being a case in point, suggests a report in Global Watch Analysis.
Roland Jacquard, the author of the article, explains that “this enables Chinese companies to not only further their business interests in that country but the Chinese State to surreptitiously penetrate the nation’s polity, with the objective to ensure its long-term influence.”
The report alleges that Nepal’s Prime Minister KP Sharma Oli’s personal wealth has increased over the years, which he, the leader of Nepal’s Communist Party, has allegedly stashed abroad.
“It has been reliably learnt that he has an account in the Geneva branch of Mirabaud Bank, located in a nondescript building at Boulevard Georges-Favon,” writes Jacquard, adding that account has US$5.5 million, invested in long-term deposits and shares, yielding Oli and his wife Radhika Sakya half a million dollars every year.
