Jun 16, Kathmandu - Businessman Deepak Bhatta has concluded his statement in a case related to money laundering before a special court. The testimony of another accused, Sulab Agrawal, commenced today.

Only after the completion of their statements will the court discuss matters related to their detention. The proceedings are being held before a bench comprising Special Court President Sudarshan Dev Bhatta and Judges Umesh Koirala and Bidur Koirala.

“Bhatta’s statement has been completed, and Agrawal’s testimony is ongoing,” said Krishna Sharan Lamichhane, spokesperson for the special court.

Agrawal’s statement was previously halted due to illness, and both accused are in judicial custody.

Following the custody hearing, the court will decide whether to send them to prison, grant bail, or keep them on a simple leave.

Bhatta is accused of owing approximately Rs. 2.63 billion in proceeds from money laundering, with charges demanding recovery and punishment. Similarly, Agrawal faces a claim of around Rs. 2.56 billion.

The case was filed against them for allegedly laundering assets by misappropriating funds from companies including Himalaya Re-Insurance.

Other accused in the case include Shankar Lal Agrawal, Sandeep Chachan Agrawal, and Amit Mor, all of whom are also named defendants. Chachan was the chairman of brokerage firm Dalal Number 55.