Sixth insurance-related case filed against Deepak Bhatta and 17 others
Summary
Kathmandu prosecutors have filed a sixth insurance-related case against Deepak Bhatta and 17 others over alleged manipulation of Himalayan Re-Insurance shares and systematic misappropriation of funds. The charge sheet names former Nepal Insurance Authority chair Surya Prasad Silwal and former FNCCI president Shekhar Golchha among the defendants.
Key Points
- The Kathmandu District Government Attorney’s Office filed a sixth case under the Insurance Act against Deepak Bhatta and 17 others at the Kathmandu District Court.
- The charge sheet alleges manipulation of Himalayan Re-Insurance shares and a series of transactions that moved hundreds of millions of rupees through multiple accounts.
- Former Nepal Insurance Authority chair Surya Prasad Silwal and former FNCCI president Shekhar Golchha are among the 18 defendants named in the case.
- Prosecutors are seeking recovery of losses, fines and prison sentences for charges including misappropriation and money laundering.
