Nepal, Aug. 18 -- Medical entrepreneur Durga Prasai has announced that he will be forming a new political party. He made the declaration on Monday at a press conference, stating that he and his family place the interests of Nepal and Nepalis above all else.

Prasai, who described himself as a businessman with political awareness, said politics has worsened the country's situation and that he and his supporters are committed to establishing a new party. The party's name will be revealed soon, he added.

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On the occasion, Prasai alleged that attempts had been made to buy him off and even physically eliminate him, which he claimed was the reason he went into hid...