Businessman Deepak Bhatta Implicated in Major Stock Market Manipulation Scandal
Summary
Businessman Deepak Bhatta has been implicated in a major stock market manipulation scandal involving illegal trading practices and share price inflation in Nepal's securities market. Authorities recommend legal action and further investigation.
Key Points
- Deepak Bhatta engaged in illegal stock market manipulation involving shares of multiple companies.
- He used credit transactions through Bhrikuti Stock Broking without initial payment, inflating share prices artificially.
- Bhatta involved family members, associates, and companies like Infinity Holdings to manipulate market prices.
- Authorities recommend maximum legal action and have referred Bhatta and associates to Nepal Police and Attorney General's Office for investigation.
