Businessman Bhatta faces another charge on money laundering and insurance cases
Summary
The Department of Money Laundering Investigation has filed another case against businessman Deepak Bhatta over alleged insurance fraud and laundering of illicit funds through Himalayan Re-Insurance and related companies. The charge sheet also names former and current executives, family members, and an accomplice tied to the purchase of a Mercedes-Benz with misappropriated money.
Key Points
- The DoMLI filed a new case against Deepak Bhatta at the Kathmandu District Court, seeking claims of Rs 239.2 million in insurance-related losses and Rs 211.5 million in money-laundering charges.
- Investigators say Bhatta used illegal means to secure reinsurance brokerage business through Himalayan Re-Insurance and laundered proceeds through multiple channels.
- The charge sheet also includes former Himalayan Re-Insurance executives, Alliant Reinsurance Brokerage officials, and family members linked to the transactions.
- Manoj Kumar Agrawal of Fox Travel and Tours has been charged as an accomplice for helping conceal illicit wealth and facilitating the purchase of a Mercedes-Benz with misappropriated funds.
