Businessman Deepak Bhatt Approaches Supreme Court Seeking Release from Custody

Kathmandu. Businessman Deepak Bhatt, who is in custody for further proceedings in cases of banking offense and money laundering, has reached the Supreme Court. Businessman Deepak Bhatt has reached the Supreme Court demanding that the orders of the High Court Patan for banking offense and the Special Court for money laundering case to send him to custody for further proceedings be quashed.

Bhatt reached the Supreme Court on Friday demanding that the said orders from two courts be quashed. In the case filed with a claim of Rs 42 crore 14 lakh 88 thousand 807 as the principal amount under banking offense, on Asar 5, the joint bench of High Court Patan judges Rishi Rajbhandari and Somakant Mainali had ordered to send Bhatt to custody for further proceedings.

Similarly, in the case filed with a claim of Rs 26 arba 63 crore 27 lakh 71 thousand 59 rupees 68 paisa under money laundering, on Asar 3, the bench of Special Court Chairman Sudarshan Dev Bhatt and members Umesh Koirala and Bidur Koirala had ordered to send him to custody for further proceedings.

In the money laundering case, Deepak Bhatt, Shankar Group directors Sulabh Agarwal and Shankar Lal Agarwal, Sandeep Chachan Agarwal, and Amit Mor were made defendants. Sandeep Chachan is the chairman of the brokerage company Broker Number 55.

A case was filed against them for the offense of money laundering by misusing funds of companies including Himalayan Re-Insurance. Deepak Bhatt was arrested by the Department of Money Laundering Investigation on Chaitra 19, 2082, for investigation into the money laundering case.