<figure><img width="1500" height="1272" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109121140/636b924b9c7e80680e06f13djpeg.jpg" alt=""/><figcaption>The 400-year-old necklace once worn by the Taleju Bhawani goddess in Kathmandu that is now in a museum in the United States. Photo: ART INSTITUTE OF CHICAGO</figcaption></figure>Two months after the <a href="https://www.artic.edu/">Art Institute of Chicago</a> returned a stolen 800-year-old stone sculpture, many more of Nepal’s religious antiquities have been located at the museum, raising questions also about the identity of the international criminal networks and their accomplices in Kathmandu responsible for the thefts.An America-based Nepali posted photographs on Friday of a whole section of the Art Institute of Chicago that is dedicated to religious objects from Nepal and other South Asian countries. Sweta Gyanu Baniya, an assistant professor at Virginia Tech University, recently visited the Art Institute of Chicago and was appalled by what she saw. Among them was an intricate <a href="https://www.artic.edu/artworks/130700/necklace-inscribed-with-the-name-of-king-pratapamalladeva">gilt-copper necklace stolen from Kathmandu’s Taleju Temple</a> 45 years ago, and her <a href="https://twitter.com/Sunkesharee/status/1403467078443622401">Twitter post</a> about it was widely shared. “I had heard about the Nepal section at the Art Institute, and sure enough there was the necklace and other deities from Nepal on display,” Baniya says. “I felt like bowing down to pray.”Besides the necklace, there were also other Hindu and Buddhist gods and goddesses on display, alongside antiquities from India and Pakistan. But it was the necklace that emotionally moved Baniya the most, since the Taleju Temple is open to the public only once a year back in Kathmandu.“And here it was on show all year round. I knelt before the display and was overcome with tears. I knew the necklace was not where it was supposed to be, it belonged back in the Taleju Temple in Kathmandu,” she said. “I was emotionally moved, and could not move away from it.” <figure><img width="640" height="853" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109121140/636b924e9c7e80680e06f13ejpeg.jpg" alt=""><figcaption> </figcaption></figure>As more and more Nepali antiquities are traced to <a href="https://www.nepalitimes.com/banner/the-homecoming-of-nepals-gods/">Western museums and private collectors</a>, pressure is building for their return, as well as to find the identity of international smuggling networks with their Nepali accomplices responsible for the thefts three to four decades ago.In April, Nepal welcomed back a stolen <a href="https://www.nepalitimes.com/banner/the-homecoming-of-nepals-gods/">12th-century stone sculpture of Laxmi-Narayan from the Dallas Art Museum</a>, where it had been exhibited after being stolen in 1984 and last sighted at a Sotheby’s auction 30 years ago (below). <img width="1500" height="1002" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109121140/636b92519c7e80680e06f13fjpeg.jpg" alt="">The necklace itself is studded with semi-precious stones and inlaid with smaller depictions of the eight astamatrika goddesses. And inscription at the front proves that it once belonged to King Pratap Malla who ruled Kathmandu from 1641-74 -- one hundred years before the Valley was conquered by Prithvi Narayan Shah.In 1970, the necklace was among the treasures that were ordered by the Panchayat government at the time to be moved to the nearby Hanuman Dhoka Museum which was deemed to be safer since it was guarded by the Royal Nepal Army. It disappeared in 1976.“The government wanted to move the treasures for safe-keeping, but it got stolen anyway. The high priests at the time had warned officials that this would anger the powerful Taleju god. Sure enough, within a year, King Mahendra died,” says Uddhab Karmacharya, the eighth generation high priest of the Taleju Temple from the family <figure><img width="640" height="960" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109121140/636b92549c7e80680e06f140jpeg.jpg" alt=""><figcaption> </figcaption></figure>“How was it possible that such a sacred item could be stolen from such a highly secure place?” asks Karmacharya, whose father was the head priest when the treasures were ordered to be transferred. Art historians say that the Taleju necklace and other religious objects in Nepal could not have been smuggled out without collusion between international art dealers, criminal networks and their accomplices on the ground in Kathmandu. “The inscription at the front of the necklace leaves no doubt not only about when and where it was made, but also where it was intended to stay,” explains American art crime professor, Erin Thompson.  The Art Institute of Chicago exhibit includes details of the necklace, and says that it was among items gifted by the US-based Alsdorf Foundation. Interestingly, this the same foundation that used to also own the stone sculpture of the 13th century Chaturmukhi Shivalinga (below) that the museum handed over to the Nepal Embassy in Washington in April for restitution to Nepal. <figure><img width="397" height="463" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109121140/636b92569c7e80680e06f141jpeg.jpg" alt=""><figcaption> </figcaption></figure><a href="https://www.artic.edu/artworks/130700/necklace-inscribed-with-the-name-of-king-pratapamalladeva">The provenance of the necklace</a> also mentions that it was sold by Bruce Miller Antiquities of Sausalito in California on 22 June, 1976 to the Alsdorf Foundation — the very year that the necklace was believed to have been stolen in Kathmandu.  The information is contained in an invoice in a curatorial file given to the Art Institute Chicago in 2010 that notes: ‘Receipt of Object #26939 … on loan to the museum since July 8, 1976’.  “The Art speaks for itself … it is a masterpiece, one of a kind, it was a royal commission for the clan deity, Taleju Bhawani,” said the administrator of the site Lost Arts of Nepal which had also traced and posted information of the object in the Chicago Museum in March. The post contains the transliteration of the inscription. “कन्थि।। श्री श्री श्री भगवती देवी जननी जयति:। स्वस्ति महाराजाधिराज श्री श्री राज राजेन्द्र कवीन्द्र जय प्रताप मल्ल देव स कथि जुरो शुभ।।"“Victory to the Mother-Goddess [Bhagavati devi Janani]. Hail! [This] is the necklace of the king of kings, lord of kings, lord of the poets, the victorious Pratapamalladeva (may it be) auspicious.”The Alsdorfs, through their foundation or individually gave as many as 14 Asian antiquities in their collection to the Art Institute. Noted Chicago collector and philanthropist couple James and Marilyn Alsdorf were especially interested in sacred art, and there are even photographs of some of these stolen objects adorning their swimming pool (below). <a href="https://twitter.com/artcrimeprof/status/1386639539725344768">Art crime professor Erin Thompson writes on Twitter</a>: ‘Totally culturally disrespectful and all. Some of their collections have problematic provenances, to say the least. ”The Aldorfs also had many other stolen religious objects from India and tibet in their collection. <a href="https://twitter.com/poetryinstone">Vijay Kumar</a>, the co-founder of the India Pride Project and author of The Idol Thief told Nepali Times: “The Alsdorfs have been a part of many high profile repatriations in the past, it is high time that the US government also start investigating the provenances of the Alsdorf collection.”Some of the objects from the Alsdorfs collection have been put up in auctions at <a href="https://www.christies.com/features/The-Collection-of-James-and-Marilynn-Alsdorf-10107-3.aspx?fbclid=IwAR1xe3CUvqICJmwa_US8CaQDlmU-Jega_aQZegCb4WYDbm0Bfa5zMWDo5gg">Christie’s</a> in the past. The Taleju necklace appears to have been a gift from Marylinn B Alsdorf to the Art Institute of Chicago, according to Lost Arts of Nepal which has all been trying to trace the provenance of the two stone sculptures from the Alsdorf collection that the Art Institute Chicago sent back to Nepal in April. <figure><img width="1080" height="695" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109121140/636b92579c7e80680e06f142jpeg.jpg" alt=""><figcaption> </figcaption></figure>Says Sangeeta Thapa of Siddhartha Art Gallery in Kathmandu: “Why haven’t we looked out for antiquities that went south before being re-exported in the late 70s, 80s. The Nepal government needs to be more proactive on this, it is time to look at our own backyard and the region.”  <img width="640" height="322" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109121140/636b925a9c7e80680e06f143jpeg.jpg" alt=""><img width="640" height="360" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221109121140/636b925e9c7e80680e06f144jpeg.jpg" alt="">While the Taleju necklace has been located and the Nepal government says it will start working on its repatriation, Lost Arts of Nepal has also started investigating the provenance of two other Nepali deities at the Art Institute of Chicago that were also gifted by Marylinn B Alsdorf (above). One is a <a href="https://www.artic.edu/artworks/148392/buddha-sheltered-by-the-serpent-king-muchalinda">Muchalinda </a>Buddha statue from Guita Tole in Patan, where the first photo of the figure in the shrine was taken by the Department of Archaeology. The second is of a <a style="font-size: 16px; letter-spacing: 0.01em;" href="https://www.artic.edu/artworks/148371/dancing-bhairava-a-horrific-form-of-god-shiva">dancing Bhairava</a> which was documented in a book by art historian Jurgen Schick.

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How Nepali antiquities got to Chicago museum

<figure><img width="1500" height="1272" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110131148/636cf31b9c7e80680e09d94cjpeg.jpg" alt=""/><figcaption>The 400-year-old necklace once worn by the Taleju Bhawani goddess in Kathmandu that is now in a museum in the United States. Photo: ART INSTITUTE OF CHICAGO</figcaption></figure>Two months after the <a href="https://www.artic.edu/">Art Institute of Chicago</a> returned a stolen 800-year-old stone sculpture, many more of Nepal’s religious antiquities have been located at the museum, raising questions also about the identity of the international criminal networks and their accomplices in Kathmandu responsible for the thefts.An America-based Nepali posted photographs on Friday of a whole section of the Art Institute of Chicago that is dedicated to religious objects from Nepal and other South Asian countries. Sweta Gyanu Baniya, an assistant professor at Virginia Tech University, recently visited the Art Institute of Chicago and was appalled by what she saw. Among them was an intricate <a href="https://www.artic.edu/artworks/130700/necklace-inscribed-with-the-name-of-king-pratapamalladeva">gilt-copper necklace stolen from Kathmandu’s Taleju Temple</a> 45 years ago, and her <a href="https://twitter.com/Sunkesharee/status/1403467078443622401">Twitter post</a> about it was widely shared. “I had heard about the Nepal section at the Art Institute, and sure enough there was the necklace and other deities from Nepal on display,” Baniya says. “I felt like bowing down to pray.”Besides the necklace, there were also other Hindu and Buddhist gods and goddesses on display, alongside antiquities from India and Pakistan. But it was the necklace that emotionally moved Baniya the most, since the Taleju Temple is open to the public only once a year back in Kathmandu.“And here it was on show all year round. I knelt before the display and was overcome with tears. I knew the necklace was not where it was supposed to be, it belonged back in the Taleju Temple in Kathmandu,” she said. “I was emotionally moved, and could not move away from it.” <figure><img width="640" height="853" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110131148/636cf31f9c7e80680e09d94djpeg.jpg" alt=""><figcaption> </figcaption></figure>As more and more Nepali antiquities are traced to <a href="https://www.nepalitimes.com/banner/the-homecoming-of-nepals-gods/">Western museums and private collectors</a>, pressure is building for their return, as well as to find the identity of international smuggling networks with their Nepali accomplices responsible for the thefts three to four decades ago.In April, Nepal welcomed back a stolen <a href="https://www.nepalitimes.com/banner/the-homecoming-of-nepals-gods/">12th-century stone sculpture of Laxmi-Narayan from the Dallas Art Museum</a>, where it had been exhibited after being stolen in 1984 and last sighted at a Sotheby’s auction 30 years ago (below). <img width="1500" height="1002" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110131148/636cf3229c7e80680e09d94ejpeg.jpg" alt="">The necklace itself is studded with semi-precious stones and inlaid with smaller depictions of the eight astamatrika goddesses. And inscription at the front proves that it once belonged to King Pratap Malla who ruled Kathmandu from 1641-74 -- one hundred years before the Valley was conquered by Prithvi Narayan Shah.In 1970, the necklace was among the treasures that were ordered by the Panchayat government at the time to be moved to the nearby Hanuman Dhoka Museum which was deemed to be safer since it was guarded by the Royal Nepal Army. It disappeared in 1976.“The government wanted to move the treasures for safe-keeping, but it got stolen anyway. The high priests at the time had warned officials that this would anger the powerful Taleju god. Sure enough, within a year, King Mahendra died,” says Uddhab Karmacharya, the eighth generation high priest of the Taleju Temple from the family <figure><img width="640" height="960" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110131148/636cf3259c7e80680e09d94fjpeg.jpg" alt=""><figcaption> </figcaption></figure>“How was it possible that such a sacred item could be stolen from such a highly secure place?” asks Karmacharya, whose father was the head priest when the treasures were ordered to be transferred. Art historians say that the Taleju necklace and other religious objects in Nepal could not have been smuggled out without collusion between international art dealers, criminal networks and their accomplices on the ground in Kathmandu. “The inscription at the front of the necklace leaves no doubt not only about when and where it was made, but also where it was intended to stay,” explains American art crime professor, Erin Thompson.  The Art Institute of Chicago exhibit includes details of the necklace, and says that it was among items gifted by the US-based Alsdorf Foundation. Interestingly, this the same foundation that used to also own the stone sculpture of the 13th century Chaturmukhi Shivalinga (below) that the museum handed over to the Nepal Embassy in Washington in April for restitution to Nepal. <figure><img width="397" height="463" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110131148/636cf3279c7e80680e09d950jpeg.jpg" alt=""><figcaption> </figcaption></figure><a href="https://www.artic.edu/artworks/130700/necklace-inscribed-with-the-name-of-king-pratapamalladeva">The provenance of the necklace</a> also mentions that it was sold by Bruce Miller Antiquities of Sausalito in California on 22 June, 1976 to the Alsdorf Foundation — the very year that the necklace was believed to have been stolen in Kathmandu.  The information is contained in an invoice in a curatorial file given to the Art Institute Chicago in 2010 that notes: ‘Receipt of Object #26939 … on loan to the museum since July 8, 1976’.  “The Art speaks for itself … it is a masterpiece, one of a kind, it was a royal commission for the clan deity, Taleju Bhawani,” said the administrator of the site Lost Arts of Nepal which had also traced and posted information of the object in the Chicago Museum in March. The post contains the transliteration of the inscription. “कन्थि।। श्री श्री श्री भगवती देवी जननी जयति:। स्वस्ति महाराजाधिराज श्री श्री राज राजेन्द्र कवीन्द्र जय प्रताप मल्ल देव स कथि जुरो शुभ।।"“Victory to the Mother-Goddess [Bhagavati devi Janani]. Hail! [This] is the necklace of the king of kings, lord of kings, lord of the poets, the victorious Pratapamalladeva (may it be) auspicious.”The Alsdorfs, through their foundation or individually gave as many as 14 Asian antiquities in their collection to the Art Institute. Noted Chicago collector and philanthropist couple James and Marilyn Alsdorf were especially interested in sacred art, and there are even photographs of some of these stolen objects adorning their swimming pool (below). <a href="https://twitter.com/artcrimeprof/status/1386639539725344768">Art crime professor Erin Thompson writes on Twitter</a>: ‘Totally culturally disrespectful and all. Some of their collections have problematic provenances, to say the least. ”The Aldorfs also had many other stolen religious objects from India and tibet in their collection. <a href="https://twitter.com/poetryinstone">Vijay Kumar</a>, the co-founder of the India Pride Project and author of The Idol Thief told Nepali Times: “The Alsdorfs have been a part of many high profile repatriations in the past, it is high time that the US government also start investigating the provenances of the Alsdorf collection.”Some of the objects from the Alsdorfs collection have been put up in auctions at <a href="https://www.christies.com/features/The-Collection-of-James-and-Marilynn-Alsdorf-10107-3.aspx?fbclid=IwAR1xe3CUvqICJmwa_US8CaQDlmU-Jega_aQZegCb4WYDbm0Bfa5zMWDo5gg">Christie’s</a> in the past. The Taleju necklace appears to have been a gift from Marylinn B Alsdorf to the Art Institute of Chicago, according to Lost Arts of Nepal which has all been trying to trace the provenance of the two stone sculptures from the Alsdorf collection that the Art Institute Chicago sent back to Nepal in April. <figure><img width="1080" height="695" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110131148/636cf3289c7e80680e09d951jpeg.jpg" alt=""><figcaption> </figcaption></figure>Says Sangeeta Thapa of Siddhartha Art Gallery in Kathmandu: “Why haven’t we looked out for antiquities that went south before being re-exported in the late 70s, 80s. The Nepal government needs to be more proactive on this, it is time to look at our own backyard and the region.”  <img width="640" height="322" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110131148/636cf32b9c7e80680e09d952jpeg.jpg" alt=""><img width="640" height="360" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110131148/636cf32e9c7e80680e09d953jpeg.jpg" alt="">While the Taleju necklace has been located and the Nepal government says it will start working on its repatriation, Lost Arts of Nepal has also started investigating the provenance of two other Nepali deities at the Art Institute of Chicago that were also gifted by Marylinn B Alsdorf (above). One is a <a href="https://www.artic.edu/artworks/148392/buddha-sheltered-by-the-serpent-king-muchalinda">Muchalinda </a>Buddha statue from Guita Tole in Patan, where the first photo of the figure in the shrine was taken by the Department of Archaeology. The second is of a <a style="font-size: 16px; letter-spacing: 0.01em;" href="https://www.artic.edu/artworks/148371/dancing-bhairava-a-horrific-form-of-god-shiva">dancing Bhairava</a> which was documented in a book by art historian Jurgen Schick.

<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110121148/636ce5009c7e80680e0966e0jpeg.jpg" alt="" width="1500" height="1002"/><figcaption>The Laxmi-Narayan upon arrival in Nepal Embassy in Washington DC on 6 March. Photo: AMITABHA JOSHI</figcaption></figure>Nearly 40 years after it was stolen from Patan, a rare stone statue of Laxmi-Narayan is finally landing at Kathmandu airport this week, raising hopes for the return of thousands of other religious objects from Nepal.The 800-year-old androgynous idol was wrenched out of its shrine in July 1984 from Patan’s Pakto Tole where it was being worshipped till the day it was stolen. The figure surfaced briefly in 1990 at a Sotheby’s auction, disappeared again, and was later spotted at the Dallas Museum of Art where it was an ‘exhibit’ since 2007.The US Federal Bureau of Investigation (FBI) handed over the statue to the <a href="https://www.nepalitimes.com/banner/us-museum-returns-stolen-nepal-god/" target="_blank" rel="noopener noreferrer">Nepal Embassy in Washington on 6 March</a>, and it took some time for the documents to be processed and the transport costs to be raised, before the gods could finally be returned to Nepal.“The deity will now be handed over to the Patan Museum, and we are preparing all the needed logistics here before it can be restored to its original temple,” says Damodar Gautam, Director-General of the Department of Archaeology.<a href="https://www.nepalitimes.com/banner/us-museum-returns-stolen-nepal-god/">US museum returns stolen Nepal god</a>, Alisha Sijapati<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110121148/636ce5039c7e80680e0966e1jpeg.jpg" alt="" width="1400" height="1050"><figcaption> </figcaption></figure><figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110121148/636ce5079c7e80680e0966e2jpeg.jpg" alt="" width="1536" height="1024"><figcaption> </figcaption></figure>Locals had made a <a href="https://www.nepalitimes.com/here-now/replicating-nepals-stolen-gods/">replica of the statue</a> that they worshipped after the original was stolen and installed it in the original place. Other religious objects that have been returned to Nepal have also been sent to the Patan Museum for safe-keeping so they will not be stolen again.The process for the deity to be restored to its original space is lengthy. Community members have to reach out to the District Office in Lalitpur for paperwork for security purposes. While the bureaucratic wheels grind on, priests at Pakto Tole are already working to set an auspicious date for the special chamma puja reinstatement of the idol.“When we bring back our God, there will be a celebration and a procession so that the world knows and understands that items from our living heritage is not to be stored and exhibited in their museums or private collections,” says Chiribabu Maharjan, Mayor of Lalitpur Metropolitan City.<a href="http://archive.nepalitimes.com/news.php?id=11342#.YHQptugzbIV">Return of the gods</a>, Sujata Tuladhar<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110121148/636ce50a9c7e80680e0966e3jpeg.jpg" alt="" width="3982" height="1635"><figcaption> </figcaption></figure>Although overjoyed by the Laxmi-Narayan homecoming, community members are in a dilemma about what to do with the replica they have been worshipping since 1993.Dilendra Shrestha, a board member of Patan Museum and himself from Patko Tole, says,  “Even if it's a replica, it is still our god, and we will make arrangements to house both our gods.”Shrestha says that for cultural and religious reasons, the original Laxmi-Narayan may not be kept as the central god anymore, as one of its hands was broken during transportation across the world. Gods that are damaged cannot be kept as the central idol in the temple even though they are worshipped, according to local belief.“Most likely, both the original and replica will be kept next to one another, however, the decision will be made by the community,” Shrestha says.<a href="https://www.nepalitimes.com/here-now/replicating-nepals-stolen-gods/">Replicating Nepal's stolen gods</a>, Alisha Sijapati<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110121148/636ce50d9c7e80680e0966e4jpeg.jpg" alt="" width="1422" height="942"><figcaption> </figcaption></figure>A photograph of the 15th-century deity was first published in Images of Nepal, a 1984 book by Indian historian Krishna Deva. Later, it was included by Nepal’s art historian Lain Singh Bangdel in his book Stolen Images of Nepal.The collective effort of bringing Laxmi-Narayan home has set a remarkable precedent in repatriating stolen gods of Nepal, and has been a collective effort of historians, academics, activists, investigation agencies and the government of Nepal and the United States.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110121148/636ce5109c7e80680e0966e5jpeg.jpg" alt="" width="1610" height="1130"><figcaption> </figcaption></figure>American artist Joy Lynn Davis who has documented stolen religious objects through her art is glad the Laxmi-Narayan is back to where it belongs. She had painted the Patko shrine with the missing deity depicted in gold.“The day the Laxmi Narayan arrives in Nepal, I will be the happiest person—so many people and organisations have worked on this. The only way to protect them is to increase awareness about their significance. We have a lot of work to do, Laxmi-Narayan is just the beginning,” Davis told this paper earlier this year.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110121148/636ce5149c7e80680e0966e6jpeg.jpg" alt="" width="1425" height="1080"><figcaption> </figcaption></figure>Indeed, an investigation by the Nepali Times tracked another deity stolen from Gahiti in Patan in the 1960s to the Denver Art Museum.That figure of Uma-Maheswar has been cited in several books by art historians, including The Art of Nepal by Pratapaditya Pal in 1974, Stella Kramrish’s Manifestations of Shiva, Philadelphia Museum of Art in 1981, Krishna Deva’s Images of Nepal in 1984 and most notably, in Lain Singh Bangdel’s book Stolen Images of Nepal in 1987.According to its website, the <a href="https://www.denverartmuseum.org/en">Denver Art Museum</a> has mentioned the ‘known’ provenance of this <a href="https://www.denverartmuseum.org/en/object/1980.231">Uma-Maheswar</a> idol dating back to 1968 from Sundaram Works of Art and Handicrafts in India, till it acquired the statue in 1980 as a gift from the private collection of Jane F Ullman and Edwin F Ullman.<a href="https://www.nepalitimes.com/banner/us-museum-returns-stolen-nepal-god/">Nepal's gods return from exile</a>, Alisha Sijapati<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110121148/636ce5169c7e80680e0966e7jpeg.jpg" alt="" width="2560" height="1600"><figcaption> </figcaption></figure>Sanukaji Maharjan, now 80, recalls how the deity had been stolen in the 1960s, was found and stolen again from Patan’s Bhandarkhal Garden.“The first time it was stolen we fixed the statue firmly to the wall so that thieves couldn’t take it away again, but we were wrong,” says Maharjan. Since it was stolen 60 years ago, he is one of few people in Patan who remember the statue and its importance to the community."I am already in my 50s and the statue was stolen even before I was born. With time, the Uma-Maheswar has been more like a bedtime story for us, and we will do our best and work on giving it a permanent space in its home,” says Dinesh Maharjan of the Gahiti Tole Committee.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110121148/636ce51a9c7e80680e0966e8jpeg.jpg" alt="" width="640" height="480"><figcaption> </figcaption></figure>Slok Gyawali, founder of <a href="https://twitter.com/PrideNepal">Nepal Pride Project</a> based in Portland, Oregon who has worked persistently on repatriating the Uma-Maheswar, has been in touch with the Denver Art Museum.In one e-mail exchange acquired by Nepali Times, the Museum wrote: ‘We continue to have confidence in the propriety of the provenance of the piece. Though we had been aware of the Stolen Images of Nepal publication, we are unaware of any substantiated claims of theft of this piece; indeed, other publications discuss the piece without reference to a theft.’Gyawali then got in touch with 90-year-old Ted Ullman, scion of Jane and Edwin Ullman. He told Gyawali that his parents are not to blame, and after hearing from the Denver Art Museum he will be happy to write a letter of support for Nepal's efforts to repatriate this and other religion objects from Asia.However, the 90-year-old in another e-mail wrote, "I remain very conflicted and have decided that I should not bring this up with the Museum which has already made their policy clear to me."The Nepal Embassy in Washington DC told Nepali Times it is in touch ‘informally’ with the Denver Art Museum. It added that the Department of Archaeology had finished its forensic archaeological report and submitted it to the Ministry of Culture. The Ministry of Foreign Affairs in Kathmandu is waiting for the report to begin official correspondence with the Denver museum.<a href="https://archive.nepalitimes.com/article/nation/Nepal-needs-to-be-prepared-for-the-return-of-stolen-religious-figures,986">Back where they belong</a>, Bhrikuti Rai<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110121148/636ce51d9c7e80680e0966e9jpeg.jpg" alt="" width="1450" height="632"><figcaption> </figcaption></figure>After the Laxmi-Narayan that arrived in Kathmandu this week was handed over to the Nepal Embassy in Washington last month, the Manhattan’s District Attorney’s Office transferred three other artifacts to the Nepal Consulate in New York: a 13th century carved temple eave depicting an Apsara, a 14th century gold seated Buddha in Bhumisparsa Mudra, and a 15th century seated Ganesh.<a style="background-color: #ffffff; font-size: 15px; letter-spacing: 0.01em;" href="https://www.manhattanda.org/manhattan-d-a-s-office-returns-three-antiquities-to-nepal/" target="_blank" rel="noopener noreferrer">The District Attorney Office</a> said the repatriation was part of its ongoing effort to return stolen and looted antiquities seized from the illicit collection of Subhash Kapoor, who was arrested in 2012. Along with heritage activists, Nepal government agencies are also stepping up efforts to bring back the stolen gods from museums and private collectors all over the world.<a href="https://www.facebook.com/lostartsofnepal">Lost Arts of Nepal</a> in its Facebook page published two statues from Nepal that are in possession of the <a href="https://www.metmuseum.org/">Metropolitan Museum of Art (‘The Met’) in New York</a>. They include a 9th century <a href="https://www.metmuseum.org/art/collection/search/38641">‘Shiva in Himalayan Abode with Ascetics’</a> which was originally a part of Kankeswori Temple at Shobha Bhagwati in Kathmandu, and a 16th century <a href="https://www.metmuseum.org/art/collection/search/697340">Goddess Nrityadevi</a> originally from I-baha bahi in Patan.<a href="https://www.nepalitimes.com/here-now/bringing-our-gods-home/">Bringing our gods home</a>, Sahina Shrestha<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110121148/636ce5209c7e80680e0966eajpeg.jpg" alt="" width="640" height="1008"><figcaption> </figcaption></figure><figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110121148/636ce5239c7e80680e0966ebjpeg.jpg" alt="" width="341" height="508"><figcaption> </figcaption></figure>The religious objects appear to have been stolen so long ago that people in those neighbourhoods have no recollection of the gods that once resided in their temples.‘Since <a href="https://www.nepalitimes.com/here-now/bringing-our-gods-home/">The Met previously has sent two statues back to Nepal voluntarily</a>, I am confident they can do the same this time too,’ the anonymous Facebook page admin of Lost Arts of Nepal wrote back in response to a Nepali Times query. Activists who have reached The Met have been told that the museum’s legal team is investigating the matter.These images can be found mentioned in <a href="https://www.nepalitimes.com/here-now/lain-singh-bangdels-legacy-lives-on/">Lain Singh Bangdel</a>'s Inventory of Stone Sculptures of the Kathmandu Valley and Mary Slusser's Arts and Images of Nepal.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110121148/636ce5249c7e80680e0966ecjpeg.jpg" alt="" width="397" height="463"><figcaption> </figcaption></figure>There are indications that the repatriation of Nepal’s stolen statues will now gather pace. Government officials say the <a href="https://www.artic.edu/">Art Institute of Chicago</a> has said it is ready to return an 8th-century <a href="https://ekantipur.com/news/2020/12/10/160756300522996474.html">Chaturmukhi Shivalinga</a> on 16 April.

The homecoming of Nepal’s gods

Nepal has shut down dozens of social media platforms in a move that is widely seen as an effort to tax the revenue they generate in the country, and to control content critical of government. The sites were blocked as of midnight on Thursday, 4 September and affects all Meta products including WhatsApp and Messenger, Threads, and others. Although YouTube, Google and X are also on the government’s list, they were still working as of Friday midday.&nbsp; The government says it took the action after repeated warnings to the platforms to open offices in Nepal, a Cabinet decision last month setting a deadline, as well as a 17 August Supreme Court ruling also requiring them to register and pay requisite taxes. However, the Bill cited in the ban, ‘The Operation, Use, and Regulation of Social Media in Nepal’ has not yet been passed by Parliament. Some social media platforms which were already paying taxes in Nepal even though they are not officially registered, have also been blocked. The move is the latest in <a href="https://nepalitimes.com/news/big-beautiful-bills" target="_blank">a slew of draft legislations</a> designed to undermine Nepal’s open society. A Bill amending the Print and Publications Act would allow district bureaucrats to shut down media. Another draft Bill would allow political appointees to head a new Media Council with the power to revoke the licenses of journalists.&nbsp; A counter-intelligence Bill would let just about anyone in government to arbitrarily tap phones, read emails and trail citizens. On Wednesday the government announced new immigration requirements that would allow it to track the movement of all foreigners in the country. Yet another draft Bill has been set to Parliament to dissolve the <a href="https://archive.nepalitimes.com/news.php?id=10675" target="_blank">Social Welfare Council (SWC)</a> and move registration and monitoring of non-governmental organisations, nonprofits and charities to the Ministry of Social Welfare. Seen in this light, the blockage of social media platforms this week is seen as the latest government attempt to constrict freedom of press. Nepal is one of the few remaining open societies in Asia, and now appears to be drifting towards authoritarianism. The government’s sudden shutdown of social media has been greeted with howls of protest on platforms that still remain open, like Viber and TikTok, as well as in Nepal’s mainstream press. Even senior members of the ruling UML-NC coalition have sharply criticised the move, asking if the government is trying to “turn Nepal into North Korea”.  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/2025090508098_a2ab330e403e8418a7006cd5e915607382628dd6984524332bf7b99c74743656.jpg" data-media-id="editor_2" data-image-id="2025090508098_a2ab330e403e8418a7006cd5e915607382628dd6984524332bf7b99c74743656" data-rendition-name="original" width="4280" height="5187" loading="lazy" alt="social media ban in Nepal"> </figure>  The Regional Director of the New York-based Committee to Protect Journalists (CPJ) Beh Lih Yi said in a statement: ‘Nepal’s sweeping ban on social media sets a dangerous precedent for press freedom. Blocking online news platforms vital to journalists will undermine reporting and the public’s right to information. The government must immediately rescind this order and restore access to social media platforms, which are essential tools for exercising press freedom.’ Besides undermining press freedom, blocking social media platforms will also hurt commerce and the economy since so many small and medium business trade through Instagram, Facebook and other platforms. Nepal’s vibrant social media has also been a boost or citizens to assert identity, build solidarity against injustice and play an adversarial role when the mainstream media does not do it. Social media platforms have also become the tenuous link for Nepali families scattered across the world to keep in touch with each other — its importance growing with the increasing size of the diaspora. The government wants social media platforms to register, pay taxes and remove posts on their sites that ‘undermine the national interest and Nepal’s territorial integrity, disturb social and religious harmony’.&nbsp; In response, rights activists have said while there is need for the government to regulate extreme content and hate speech, officials appear to be more intent on clamping down on free speech and trying to force platforms to share the revenue. On Friday, the government had allowed WhatsApp back online, but there were reports that it had instructed the Nepal Telecommunication Authority (NTA) to instruct mobile and internet service providers to block by Friday night all platforms, including Facebook, Instagram, Messenger, WhatsApp, X (Twitter), YouTube, LinkedIn, Reddit, Threads, Snapchat, Pinterest, Signal, Clubhouse, Rumble.&nbsp; Platforms that have registered and are allowed include TikTok, Viber, Nimbuzz, Popo Live, WeTalk, Global Diary and the Nepali portal Hamro Patro. TikTok was banned last year for ‘disturbing social harmony’ and it was lifted after the platform registered its office in Nepal. But even while it was banned, many users simply switched to VPN. Telegram was also banned for ‘financial crimes’ and it has since also been allowed back. NTA officials confirmed that some Asia-Pacific regional offices of platforms, including Meta had been in touch overnight inquiring about the registration process.&nbsp; Nepal is not alone in regulating social media. China bans most Western platforms, Russia and Turkey regulate their and require platforms to locate their data servers in the country. Gulf countries allow social media but keep a tight control on dissent.&nbsp; Experts have said even the government will not dare close down YouTube since so many Nepali individuals and companies make money with posts on that platform, and closing it would also impact on Google and Gmail. Facebook had also just launched a monetisation scheme for videos and reels, and Nepalis uploading content would lose revenue.&nbsp; Blocking the platforms has already hit content creators, influencers and cut small businesses from reaching customers. A survey of social media use in Nepal by Sharecast Initiative showed that 94% of those with smart phones used YouTube, followed by Facebook (92%) while TikTok was in the 50-60% range. X and Instagram were in the single digits. A YouTube ban will also hurt the mainstream media since up to 20% of the revenue of Nepal’s main tv channels came through YouTube. Some 11.1 million Nepalis watch YouTube content every day, the survey showed. ‘For global giants like Meta or Google, Nepal is a small market, and they may not even flinch — but for millions of Nepalis, these platforms are central to daily life, livelihoods, and connections across the world,’ wrote AI consultant Naresh Newar in a LinkedIn post. Some experts said the government’s sweeping ban on social media networks was untenable and the government would be forced to rollback sooner or later. Said editor Shiva Gaunle: “The platforms had given citizens a voice and broken the monopoly of the government, legislators, the courts and journalists over public opinion. This is an effort to reassert that monopoly, but Nepal can never be turned into a North Korea.”

Protest grows against Nepal’s social media ban

Unlike many countries, there is not much incentive in Nepal for the private sector to fund charities and non-profits. Donations and grants are not tax-deductible.
Yet there are corporate entities that have Corporate Social Responsibility (CSR) in their portfolio of activities through foundations that they have set up. Some do it loudly to gain public relations mileage, while others are quiet about their <a href="https://nepalitimes.com/opinion/comment/norway-supports-himalayan-climate-research?mdrv=www.nepalitimes.com&amp;=1">generous support</a>.
The CSR outlay of factories and manufacturing companies is regulated by Industrial Enterprise Act (IEA), while the Nepal Rastra Bank oversees grants banks and financial institutions contribute and requires them to set aside 1% of their net profit for CSR activities.
The guideline requires banks and financial institutions to donate to activities covering education, health, environment and financial literacy, among others. Recently, the Supreme Court directed the government to formulate a Bill in the parliament to standardise and regulate the private sector’s CSR activities.
“We receive guidelines from Nepal Rastra Bank and follow them,” says Pranisha Shrestha who heads the CSR Department at NMB Bank. “We have got a notice about updates on those guidelines, and we will adapt accordingly.”
<a href="https://nepalitimes.com/news/greening-nepal-s-tourism">Environmental sustainability </a>is one of the important components of CSR for Nepali companies, and there have been many initiatives aimed at urban renewal. One of the most visible is of the telecommunication company Ncell, which is among Nepal’s largest taxpayers.
Five years ago, Ncell adopted a 6km stretch of the Ring Road from Ekantakuna to Koteswor-Kalanki, planting 12,000 saplings. They have now grown into<a href="https://nepalitimes.com/opinion/seeing-the-forest-and-trees-in-nepal"> a thick forest</a> along the embankment of the road.
Not only is the lush greenery in an overbuilt part of Lalitpur soothing to the eye, it also helps in reducing temperature within <a href="https://nepalitimes.com/news/in-the-heat-of-the-moment-5xcycyot">the urban heat bubble</a>, and also contributes to reducing air pollution and traffic noise.
“We started a pilot project along 600m of the Ekantakuna section of the Ring Road during the pandemic,” recalls Bishakha Lakshmi Khadka, Director of Corporate Communications and Sustainability at Ncell. “It went really well, and after that we extended the<a href="https://nepalitimes.com/here-now/saving-cities-with-trees"> tree planting</a> and upkeep to Kalanki.”
Sustainability also means making younger Nepalis aware of <a href="https://nepalitimes.com/banner/natures-fragile-gift-to-nepal">the value of nature </a>and environmental sustainability, which is why Ncell has also undertaken a Green School initiative in and around Kathmandu Valley. Besides its One-Tree-One-Youth and 1 Million Trees campaigns, the initiative also aims at behavior change about littering with its waste hackathon in schools.
“The young students can be catalysts with a multiplier effect beyond their schools to society at large, and it has inter-generational impact into the future,” explains Khadka.
Indeed, while <a href="https://nepalitimes.com/banner/tree-mendous">Nepal has doubled its forest cover </a>in the past 30 years to 46% of the country’s area, urban centres like Kathmandu do not have much open spaces and greenery left. And that is where companies like Ncell, Jawalakhel Group of Industries, and others have focused on CSRs.
NMB Bank also runs financial literacy programs for youth where they can learn more about social media safeguards, digital payment systems, with a focus on safety and security. Such training not only helps build skills for the future but also protects young Nepalis from online crime.
“<a href="https://nepalitimes.com/opinion/protecting-children-from-anti-social-media">Threats to young minds through social media</a> use are growing as platforms feed algorithm-driven content,” says Shrestha. “We felt media and digital literacy are important in all seven provinces not just to protect young people, but also give them the confidence to use digital financial systems.”
The bank has a special focus on women in leadership programs, and provides scholarships provided in schools across Nepal on environment and sustainability in higher education. Health is another sector where private companies have worked with donating medical equipment, sponsoring health camps and conducting blood donation drives.
CSR or PR?
Other companies heavily involved in CSR include NIMB Bank which contributes to heritage conservation and education, Buddha Air helps farmers in Morang to increase productivity, VOITH with its motto ‘Little things We Do’ provides scholarships to students and has gifted &nbsp;vehicles to hospitals and nature conservation groups, Dwarika’s Hotel promotes organic farming and zero waste initiatives, heritage conservation and helps revive traditional handicrafts.
Although some CSR activities have been criticised for masquerading as PR and for greenwashing, many Nepali companies are actually contributing to improve the situation for individuals in need and underserved communities.
It also brings a sense of accountability to the corporate sector so they look beyond shareholder profit with greater involvement in the public good. In Nepal, where government delivery mechanisms are not up to speed in the social sector and environmental sustainability, CSR is a vehicle for public-private partnerships.
Collaboration with the government is an important aspect of these initiatives since that allows localised campaigns to be scaled up by showing what is possible. For example, the three Metropolitan Cities of the Valley and other private companies are trying to emulate what Ncell has achieved on the Ring Road.
“The Ring Road plantation project has been massively successful,” says Khadka “We were recognised by the Lalitpur Metropolitan City and the Forestry Department for adding greenery to what would have been just an asphalt strip.”

Corporates responsible to society

<a href="https://www.youtube.com/watch?v=x2fZXyjsE28" target="_blank">Yog Narendra Malla</a> became king at age 18, and ruled Patan from 1684-1705 — his reign marked by a cultural and architectural renaissance of the city state. He put up a statue of himself in the palace square with a little bronze bird sitting on the guardian serpent above his head. It is said he told his subjects that he would look after their welfare till the day the bird flew off. During<a href="https://nepalitimes.com/here-now/lessons-not-learned-from-2015-o2etq6zu"> the 2015 earthquake</a>, the pedestal collapsed and the statue was damaged. The bird was lost, only to be located in a pile of debris and reinstated when the <a href="https://archive.nepalitimes.com/article/Nepali-Times-Buzz/piece-by-piece-patan-darbar-square-reconstruction,3782" target="_blank">statue was consecrated</a> two years later. <div class="embed-block"><iframe width="560" height="315" src="https://www.youtube.com/embed/x2fZXyjsE28?si=jYfIb4p6zCLXYQ1T" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></div> History remembers Yog Narendra Malla as a wise king, but like most<a href="https://nepalitimes.com/here-now/preserving-king-birendra-s-family-home"> royalty of the day</a>, he had a weakness for women. He is supposed to have consorted with 30 queens and numerous concubines. At least 33 of them self-immolated themselves on the king's funeral pyre when he died, adhering to the prevailing <a href="https://archive.nepalitimes.com/article/review/Jhola,947">practice of sati</a>. When Yog Narendra Malla’s favourite queen found out that he was carrying on with yet another woman, she got the local community of the Kwelachhi neighbourhood to stage a shadow sex play to quite literally expose his unfaithfulness. Actors enacted the explicit exploits of the king and his mistress, a bright butter lamp projecting the moving shadows of their lovemaking on a thin white drape to entertain those gathered in the square below. The queen made sure that the show was designed to face the home of the king’s paramour to shame them both. She also paid for a group to chant a bhajan with lyrics that ridiculed the king’s extramarital affair. The Jhyalcha Guthi community trust that the queen set up three-and-half century ago is still active to this day, and performs the annual shadow play in the same building in Kwelachhi the day before <a href="https://nepalitimes.com/banner/the-legend-behind-the-myth-of-indra-jatra">Indra Jatra </a>every year. This year’s show is on Friday evening, 5 September. The opening lines of the chants that accompany the play are the same words approved by the queen all those years ago: “Raja Yog Narendra ya aparadh…” (King Yog Narendra’s crime…) The community leader of the Kwelachhi neighbourhood, 62-year-old Baburaja Awale, explains the importance of the event: “This Jhyalcha is our<a href="https://archive.nepalitimes.com/article/Nepali-Times-Buzz/saving-the-intangible,3303"> intangible heritage</a> and oral history. We do not have a written format, it has been passed down from generation to generation. Every word of the bhajan is the story of King Yog Narendra Malla.”  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20250904070952_249e85b32cbd99bb8515151557e0ec1a65d44a34ef1aacabaaeb469622d12664.jpg" data-media-id="editor_8" data-image-id="20250904070952_249e85b32cbd99bb8515151557e0ec1a65d44a34ef1aacabaaeb469622d12664" data-rendition-name="original" width="1750" height="1167" loading="lazy" alt="Sex and the city of Patan"> <figcaption>The statue of Yog Narendra Malla being reinstated after it toppled in the 2015 earthquake. Photo: GOPEN RAI/ NEPALI TIMES ARCHIVE</figcaption> </figure>  Jhyalcha Pyankha, as the ceremony is called, starts with a puja for the Bhimsen — the god of wealth and prosperity, a popular <a href="https://nepalitimes.com/here-now/the-homecoming-of-nepal-s-gods">deity in Patan</a> who has a temple dedicated just to him in the palace square. This is immediately followed by a bhajan of Bhairab performed with <a href="https://archive.nepalitimes.com/article/Nepali-Times-Buzz/Buzz-house,670">traditional Newa musical instruments</a>. Community members serve snacks consisting of samay baji beaten rice, water buffalo chunks, soybean, green veggies, lentils, ginger, garlic and aila liquor. “In the first act of the shadow play, the man initiates the lovemaking, and in the third it is the woman,” says Laxmi Lal Awale, also a member of the trust that organises the show. The shadow action is all uncensored, but interspersed with <a href="https://nepalitimes.com/review/between-the-sacred-and-everyday">scenes of everyday life</a>: the woman is spinning a thread, the king is going about his royal chores, and the two sit down to share sanacha fermented pickle that is popular this time of year. <div class="embed-block"><iframe width="560" height="315" src="https://www.youtube.com/embed/qZ3twuG1wNQ?si=yRfkoC3A-X9cIl8r" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></div> “Back then, there was no tv, films or YouTube, and yet we managed to stage the shadow play using our own resourcefulness,” says Baburaja Awale. “It is important to continue the tradition.” The challenge now is to ensure that the<a href="https://nepalitimes.com/opinion/the-reign-of-the-god-of-rain"> younger generation takes over</a>, learning the lyrics of the ancient bhajan. The dafa khala group that performs all over Patan during festivals and religious events is now training teenagers to play the musical instruments and act in the shadow play. The Jhyalcha was staged even after the 2015 earthquake when the falcha where the bhajan is performed collapsed and they made-do in a tin shed. The structure was later rebuilt with a grant from the group, Photo Circle. Lalitpur Metropolitan City sets aside a budget of Rs50,000 to organise the Jhyalcha Pyankha every year, but this is not enough and is supplemented by individual donations. The performers including musicians and actors are all volunteers, and take part in it because it is their community duty. The erotic shadow play was way ahead of its time, not just in its graphic content but the use of contemporary local technology as well as improvisation and pure imagination. Says Laxmi Lal: “Whatever its origin in the legend of King Yog Narendra Malla and his queen, Jhyalcha also served as a medium of <a href="https://nepalitimes.com/here-now/lets-talk-about-it">sex education</a>. In the past, women were discouraged from watching the shadow play, but today everyone is welcome, we all watch it together.” Jhyalcha Pyankha Kwelachhi, Chyasal, Patan 7PM onwards Friday, 5 September

Sex and the city of Patan

The world’s largest corporations now rival most governments – not only in terms of revenue and assets, but also in their ability to shape political outcomes. Their power is reinforced by the immense personal fortunes of billionaires, which enable them to wield disproportionate influence over <a href="https://nepalitimes.com/news/big-beautiful-bills">public policies, laws, and regulations</a>.
Crucially, extreme concentrations of wealth and power could not have developed without the active support of policymakers, whether tacit or explicit. Consequently, being an oligarch is inherently precarious.
Crony capitalism may grant enormous advantages, but it also carries built-in risks. Chief among them is <a href="https://nepalitimes.com/editorial/slapping-democracy">political change</a>: new leadership, whether elected or imposed, may not extend the same protections or privileges to elites favored by the previous government.
That danger is especially acute in authoritarian or personality-driven regimes, where leaders’ whims often override institutional checks. The <a href="https://edition.cnn.com/business/timeline-elon-musk-trump-x-dg">on-again, off-again bromance</a> between US President Donald Trump and Elon Musk is an obvious example.
As <a href="https://nepalitimes.com/news/the-geopolitics-of-nepal-s-politics">geopolitical tensions</a> escalate, however, oligarchs are no longer contending solely with domestic challenges. Increasingly caught in global power struggles, they have become convenient targets for hostile foreign powers seeking to pressure or undermine the leaders they support.
The <a href="https://www.aljazeera.com/news/2023/4/12/us-and-uk-announce-new-sanctions-targeting-russian-ultra-wealthy">sanctions</a> imposed by the United States and the European Union on oligarchs linked to Russian President Vladimir Putin following the 2022 invasion of Ukraine are a case in point. While these measures have done little to change the course of the war, they have profoundly disrupted the lives and businesses of those affected.
Indian billionaires Gautam Adani and Mukesh Ambani have also found themselves in America’s crosshairs. Both have profited enormously from their ties to Prime Minister Narendra Modi – a fellow Gujarati – with their fortunes growing in tandem with his political ascent. This has made them useful bargaining chips in the ongoing trade negotiations between the US and India.
Read also: <a href="https://nepalitimes.com/news/nepal-and-the-us-india-tariff-tiff">Nepal and the US-India tariff tiff</a>, Sudiksha Tuladhar
To be sure, Ambani’s Reliance Group had already mastered the art of leveraging political influence to advance its business interests well before Modi rose to power. But Ambani’s alliance with Modi has pushed Reliance’s dominance to new heights. Adani’s rise, by contrast, is <a href="https://thewire.in/political-economy/why-gautam-adani-is-a-factor-in-india-us-ties">inextricably tied to Modi</a>, dating back to the latter’s tenure as chief minister of Gujarat.
Both oligarchs, particularly Adani, have relied on their proximity to Modi to expand their business empires, benefiting from regulatory reforms tailored to their interests and <a href="https://www.cnbctv18.com/aviation/adani-winning-bids-for-six-airports-former-head-of-privatisation-panel-explains-key-policy-changes-15898141.htm">acquiring state assets</a> through lucrative privatization deals, often without a public tender. They have also moved into new sectors by <a href="https://www.freepressjournal.in/business/full-timeline-of-how-gvk-and-adanis-changing-fortunes-sealed-mumbai-airports-fate">purchasing successful firms</a> targeted by Modi’s administration, effectively neutralizing potential competitors.
Moreover, Ambani and Adani have enjoyed privileged access to publicly owned banks, receiving favourable loan terms that allowed them to <a href="https://www.thehindu.com/news/national/companies-bought-over-by-the-adani-group-got-haircut-of-96-to-42-on-loans-from-public-sector-banks-congress/article68606029.ece">restructure</a> their debts with minimal scrutiny. Their political connections, evidenced by frequent appearances alongside Modi during his international trips, have helped them secure <a href="https://www.newsclick.in/%E2%80%98Beneficiaries%E2%80%99-Modi%E2%80%99s-Globetrotting-Adani-Ambani">major contracts abroad</a>.
These political alliances have translated into lenient regulatory treatment. In Adani’s case, allegations that he has engaged in stock manipulation through opaque shell companies in offshore tax havens – exposed by US-based <a href="https://www.reuters.com/world/india/adani-vs-hindenburg-research-what-you-need-know-2024-01-03/">short-seller Hindenburg Research</a> – were met with a muted response. Regulatory bodies like the Securities and Exchange Board of India declined to pursue a serious investigation.
Officially, Ambani has come under scrutiny for profiting from the <a href="https://www.nytimes.com/2025/08/09/business/india-russian-oil-ambani.html">resale of Russian oil</a>, effectively circumventing US sanctions, while Adani is being investigated for <a href="https://www.bbc.com/news/articles/c748y8e4093o">alleged bribery</a>. But Trump’s actions appear to be a calculated attempt to pressure Modi through his inner circle. Adding insult to injury, they come from a US president whom Modi has long described as a “<a href="https://www.nytimes.com/2025/07/31/world/asia/modi-trump-india-tariffs.html">true friend</a>”.
Modi has claimed that his sole concern is protecting Indian farmers – a statement that would surely come as a surprise to the farmer protest movement, which his government has long vilified and suppressed.
Trump, for his part, insists that his priority is securing a better deal for American producers and workers. In reality, many of his key demands are aimed at advancing the interests of US-based multinationals and those of <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/trump-calls-indias-economy-dead-but-trump-towers-earn-thousands-of-crores-from-gurgaon-mumbai-pune-and-other-cities/articleshow/123164276.cms">his own companies</a>.
But given Trump’s track record, it’s hard to imagine that personal grievances did not play a role. Relations between the two leaders have noticeably cooled since Modi <a href="https://economictimes.indiatimes.com/news/defence/narendra-modi-trump-phone-call-pm-modi-makes-it-clear-to-trump-us-played-no-role-in-india-pakistan-ceasefire-no-talks-on-india-us-trade-deal/articleshow/121922239.cms">refused to endorse</a> Trump’s dubious claim that he helped broker the recent India-Pakistan cease-fire – a narrative Trump had hoped would strengthen his bid for a Nobel Peace Prize. Modi’s refusal to play along effectively derailed that effort.
Trump and Modi are both shrewd and self-interested enough to recognise each other’s true priorities. By attacking Modi’s tycoons, Trump may have found the most effective pressure point to extract significant concessions from the Indian government.
If Modi yields, it won’t just be a costly political blunder but also a tragedy with far-reaching consequences for India and the world economy. © Project Syndicate
Jayati Ghosh, Professor of Economics at the University of Massachusetts Amherst, is a member of the Club of Rome’s Transformational Economics Commission.&nbsp;

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