Agarwal, chairman of Shankar Group, partner of middleman Deepak Bhatt, arrested
-
Media Baaji
- Sat, 4 April 2026
Kathmandu. Shankar Lal Agarwal, the chairman of Shankar Group, the business partner of Dipak Bhatt's business partner, the ever-powerful middleman, Shankar Lal Agarwal, has been arrested when there was a government led by Nepali Congress and CPN-UML0. The Money Laundering Investigation Department arrested him on Friday for investigation after he was linked to the business with businessman Bhatt, who was previously arrested for the crime of money laundering.
Bhatt was arrested on Thursday by CIB, Central Investigation Bureau of Nepal Police. At the request of the Money Laundering Investigation Department, Bhatt was arrested and handed over to the department itself. The District Court, Kathmandu has given the department a deadline to keep him in custody for 10 days. Sources said that a suspicious amount was deposited in Bhatt's account from the bank account of Jagdamba Steel under the Shankar Group.
The department has prepared to file a case in court against the accused including Bhatta claiming more than five billion rupees. After it was confirmed that Himalayan Re-Insurance and its subsidiaries had misused 3.81 billion rupees to buy the shares of companies including Nepal Re-Insurance, the department started an investigation against Bhatt.
Related News
A traffic week aimed at reducing accidents will be observed
Kathmandu. In order to reduce traffic accidents, Kathmandu Valley Traffic Police Office has organized a special campaign to reduce traffic accidents and traffic week. The office held a press conference on Thursday and informed that traffic week wi...
No one came to collect the 9,000 raw documents with the traffic
Kathmandu. District Traffic Office Chitwan has requested to take back the driver's license documents seized during the investigation. With the implementation of the traffic rule violation record system, the office has requested the public to take...
Police 'sweep operation' in the middle of the night: 17 people were arrested on charges of involvement in gangsterism
Kathmandu. The police has conducted a special 'sweep operation' to control the increasing gangsterism and unwanted activities on common people in Kathmandu Valley. The team of Kathmandu Crime Investigation Office has arrested at least 17 people by...
200 drivers who honked indiscriminately in action
Kathmandu. As part of a special campaign conducted by the Kathmandu Valley Traffic Police Office to effectively control the increasing noise pollution and traffic management in Kathmandu Valley, action has been taken against more than 200 vehicle...
Nepal Micro Insurance Chairman Ashish Shrestha arrested
Kathmandu. Nepal Micro Insurance Company Chairman Ashish Shrestha has been arrested. On Tuesday, the Central Investigation Bureau of Nepal Police arrested Chairman Shrestha from Kageshwari Manhara municipality. Bureau spokesperson Shiv Kumar Shres...
Misuse of technology and social media has disrupted social cohesion: Inspector General of Police
Kathmandu. Inspector General of Nepal Police Dan Bahadur Karki has said that the police organization has been operated in a strategic manner to maintain peace and order in the country and control criminal activities.
He mentioned that althou...