Kathmandu, April 15
The Department of Money Laundering Investigation has raided the residences of businessmen Deepak Bhatt and Sulav Agrawal, as well as the office of Himalayan Re-Insurance.
According to sources, the raids were conducted on Tuesday at their private residences and the Himalayan Re-Insurance office. A department official stated that they have seized documents necessary for the investigation.
Both Bhatta and Agrawal are currently in custody after being arrested on charges of money laundering.
Deepak Bhatt is one of the major shareholders of Himalayan Re-Insurance, a private sector reinsurance company.
