Money laundering probe targets Bhatta’s network, Basnet walks free on bail
Summary
Police have widened a money laundering probe into businessman Deepak Bhatta’s alleged network, arresting his brother Sushil Bhatta and Inam Sapkota over suspected financial links. Separately, Nabin Raj Basnet has been released on bail after his arrest in an old forest-offence case, amid questions over possible political influence.
Key Points
- Police are investigating businessman Deepak Bhatta’s alleged money laundering network and have arrested his brother Sushil Bhatta and Inam Sapkota.
- Investigators suspect intermediaries were used to influence the case against Deepak Bhatta, and are also examining alleged involvement of former Chief Justice Cholendra SJB Rana.
- Deepak Bhatta faces a money laundering case involving Rs 26 billion, along with cases under the Securities Act and banking offence laws.
- Nabin Raj Basnet, arrested after years on the run in a forest-related case, has been released on bail while questions remain over the circumstances of his release.
