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In 2008, journalist Surya Thapa stated that King Gyanendra had an investment of at least $200 million in 35 companies throughout Nepal and possibly more abroad. [41] His investment in Soaltee Hotel alone was estimated to be around $100 million in 2008 with a 47% stake. [ 42 ]
Following the ascension of Gyanendra, the monarchy lost much of the approval of the Nepalese populace. Some say this massacre was the pivotal point that ended the monarchy in Nepal. On 12 June 2001, a Hindu katto ceremony was held to exorcise or banish the spirit of the dead king from Nepal. A Hindu priest, Durga Prasad Sapkota, dressed as ...
The monarchs of Nepal were members of the Shah dynasty who ruled over the Kingdom of Nepal from 1743 to its dissolution in 2008. However, from 1846 until the 1951 revolution, the country was de facto ruled by the hereditary prime ministers from the Rana dynasty, reducing the role of the Shah monarch to that of a figurehead. [1]
Gyanendra Shah is the first person in the history of Nepal to be king twice and the last king of the Shah dynasty of Nepal. Gyanendra's second reign was marked by constitutional turmoil. His brother King Birendra had established a constitutional monarchy in which he delegated policy to a representative government.
The coronation of the Nepalese monarch was a rājyābhiṣeka, a Hindu religious ceremony in which the King of Nepal was crowned. [1] [2] [3] The last coronation was held on 4 June 2001 for King Gyanendra. [4] The Kingdom of Nepal was the last Hindu monarchy in the world at the time of its dissolution in 2008. [5] [6]
A coup d'état in Nepal began on 1 February, when democratically elected members of the country's ruling party, the Nepali Congress were deposed by Gyanendra, King of Nepal. The parliament was reinstated in 2006, when the king agreed to give up absolute power following the 2006 revolution.
In a nationally televised address, King Gyanendra reinstated the old Nepal House of Representatives on April 24, 2006. [ 2 ] [ 3 ] The King called upon the Seven Party Alliance (SPA) to bear the responsibility of taking the nation on the path to national unity and prosperity while ensuring permanent peace and safeguarding multiparty democracy.
Paras Bir Bikram Shahdev or Paras Shah, Crown Prince Of Nepal (born 30 December 1971) is the former and last Crown Prince of Nepal, the heir apparent to the throne, from 2001 until the abolition of the monarchy by the Interim Constituent Assembly in 2008 following the Constituent Assembly election.