Court extends remand of Bhatta, Agrawal by 12 days
Summary
The Special Court extended the remand of Deepak Bhatta and Sulav Agrawal by 12 days for investigation in a high-profile money laundering case involving major companies and public procurement irregularities.
Key Points
- The Special Court extended remand of businesspersons Deepak Bhatta and Sulav Agrawal by 12 days for a money laundering investigation.
- Bhatta heads Infinity Holdings, while Agrawal chairs Jagdamba Holdings under the Shankar Group, which faces scrutiny over financial irregularities.
- The probe examines suspicious transactions flagged by Nepal Rastra Bank’s Financial Intelligence Unit and potential collusion with political and public officials.
- More than 40 companies under the Shankar Group may be affected, highlighting significant implications for Nepal's industry and banking sectors.
