The new government of Nepal has announced that it will set up a committee to investigate the assets of political leaders and high ranking officers who have held public office from 1990 to 2026. The government, led by Prime Minister Balendra Shah, said in a 100-point governance reform agenda unveiled yesterday that a powerful asset investigation committee will be formed within 15 days.

The decision comes at a time when several politicians who have led the government over the past three decades are facing allegations of corruption, with calls for a probe body growing from various quarters. Perceived corruption among political leaders has been cited as one of the reasons behind the Gen Z movement in September last year, which led to the ouster of the government led by former Prime Minister KP Sharma Oli. The government stated that the committee is being formed to end widespread corruption, concealment of assets, and the culture of impunity in the country.