Special Court Extends Custody for Businessman Duo in Money Laundering Investigation

Kathmandu. The Special Court Kathmandu has granted permission to keep businessmen Sulabh Agarwal and Deepak Bhatt, who are in custody for investigation into money laundering, in custody for an additional 12 days. The court's order allows for the extension of the investigation period. The order was issued by a bench of Special Court judges Hemanta Rawal, Dilliratna Shrestha, and Bidur Koirala on Wednesday, citing that the investigation work was not yet complete. This marks the sixth extension for Sulabh Agarwal, a director of Shankar Group, and the fifth extension for another businessman, Deepak Bhatt. This extension is effective from Baisakh 23, 2083. The Department of Money Laundering Investigation is investigating Agarwal and Bhatt for money laundering and related offenses. The department had requested additional time, stating that the opinion report of the public prosecutor was yet to be prepared and prosecution was pending. The joint investigation team has advanced the investigation in accordance with some changes in jurisdiction and procedures for handling cases, as per the ordinance to amend the 'Money Laundering Prevention Act, 2064' which was recently issued.