Police detain Shanker Group vice-chair Sulav Agrawal
Summary
Sulav Agrawal, vice-chair of Nepal's Shanker Group, has been detained amid a widening money laundering investigation involving the conglomerate and its associates.
Key Points
- Sulav Agrawal, vice-chair of Nepal’s Shanker Group, has been detained in connection with a money laundering probe.
- The investigation involves financial transactions linked to the group and its associates, including businessman Deepak Bhatta.
- Chairman Shanker Lal Agrawal has already been detained, while police are searching for his other son, Sahil.
- The probe could impact over 40 companies under the Shanker Group, which has significant banking sector exposure and reports annual turnover over Rs125 billion.
