The Department of Money Laundering Investigation has filed a new money laundering case against businessman Deepak Bhatt and 20 others over the alleged embezzlement of funds at Himalayan Reinsurance Company.
The case was filed at the Kathmandu District Court on Thursday, with the department seeking a recovery claim of Rs 450 million, according to the report.
Who has been named in the case?
Those named include Chandrashekhar Raman Ramamurti, who was the company’s CEO at the time, and suspended CEO Upasana. The source report did not provide Upasana’s surname.
The allegations have not been established by the filing of the case.
