Nepal's palace denies report of king's planned abdication - Yahoo! News

Nepal's royal palace has denied a report that embattled King Gyanendra was planning to abdicate and leave the country after being stripped of most of his powers.

"There is very much absolutely no truth to this report whatsoever. It is highly irresponsible reporting," an official from the palace secretariat told AFP.

"The king is very much here, the peace process is on, everything is going as people would want. The king has always said he would abide by people's aspirations," said the official, who asked not to be named.