Kathmandu, May 22 -- Nepal's Department of Money Laundering Investigation has recommended prosecuting 29 individuals, including businessmen Deepak Bhatta and Sulav Agrawal, on charges of money laundering linked to alleged illegal share transactions and the misuse of funds amounting to nearly Rs20 billion.

According to an official at the Kathmandu District Government Attorney's Office, the department has recommended filing cases against Deepak Bhatta, chair of Infinity Holdings; Sulav Agrawal, chair of Jagdamba Holdings; his wife Subhi Agrawal; Shankerlal Agrawal, chair of the Shanker Group; Shahil Agrawal, chair of the Jagdamba Group; and Shekhar Golchha, former president of the Federation of Nepalese Chambers of Commerce and Industry. ...