Binod Basnet, former chairman of Jhapa Gold Cup, was found dead at his home on Friday. According to the police, Basnet was found hanging inside his room at Birtamode Municipality-1.

Entrepreneur Basnet, 52, was actively engaged in various organisations and activities related to business and social sectors.

He previously served as the chairman of the Jhapa Gold Cup organising committee, vice president of the JCI Nepal National Executive Committee, and president of both the Birata JCI and the Rotary Club of Birtamode.

Additionally, he was a member of the executive committee of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) in Koshi Province, general secretary of the Mechi Petroleum Dealers Association, and joint-coordinator of the “Ekka Lagi Ek” campaign. He also led Samaj Jhapa and multiple businesses including Sayapatri Trade Link.

Police are conducting an investigation to find the cause behind Basnet’s death.