KATHMANDU, March 22: A case of money laundering has been filed against four individuals who were arrested on charges of hundi business. The Department of Money Laundering Investigation filed a case against four individuals in the Special Court on Wednesday.
A case has been filed against Naresh Agarwal, Deepak Shah Thakuri, Manmohan Shah Kalwar and Diwas Karki who were arrested on charges of hundi business.
Two individuals including an Indian arrested on charge of illeg...
Following an investigation by the Department of Revenue Investigation, they were referred to the Department of Money Laundering Investigation due to undisclosed sources of US dollars and Nepalese rupees.
After conducting thorough investigations, the Department of Money Laundering Investigation lodged a case against the four individuals in the Special Court. Among them, Naresh Agrawal is accused of engaging in transactions totaling Rs 86.29 million. Legal proceedings have been initiated to seek compensation accordingly.
Diwas Karki faces charges involving transactions amounting to Rs 71.22 million, while Deepak Shah Thakuri is implicated in business dealings totaling Rs 88.24 million. Compensation corresponding to their alleged offenses has been demanded.
Similarly, Manmohan Shah Kalwar is accused of transactions worth Rs 37.53 million, and compensation is sought accordingly. Furthermore, under Section 30 (1) of the Money Laundering Prevention Act 2064, a double fine has been proposed for the defendants.
Additionally, there is a request for the confiscation of a vehicle registered under the number Ba 19 cha 1017 belonging to Naresh Agarwal, along with the recovery of funds from the defendants.
