Businessman Deepak Bhatta arrested in money laundering probe
Summary
Businessman Deepak Bhatta was arrested by Nepal Police in a money laundering investigation linked to financial irregularities involving large transactions and government contracts.
Key Points
- Nepal Police arrested businessman Deepak Bhatta in connection with a money laundering investigation.
- Bhatta is chairman of Infinity Holdings and is alleged to have leveraged political connections for government contracts and hydropower licenses.
- The investigation was prompted by a Rs450 million suspicious transaction flagged by Nepal Rastra Bank’s Financial Information Unit.
- Authorities are probing Bhatta’s possible role in irregular public procurement deals and connections with political figures.
