Bhatta's paper trail leads to court for the sixth time
Kathmandu, Oct. 10 -- A sixth case has been filed against controversial businessman Deepak Bhatta and 19 others at the Kathmandu District Court over alleged offences under the Insurance Act and money laundering.
The case was registered on Thursday. Five earlier cases involving Bhatta are pending at the Special Court, Patan High Court, and Kathmandu District Court. Bhatta is the main accused in all six cases.
The latest charge sheet alleges that funds from Himalayan Reinsurance and other insurance companies were systematically misappropriated, generating private gains against the state's losses. It names former Nepal Insurance Authority chair Surya Prasad Silwal, former Federation of Nepalese Chambers of Commerce and Industry president S...
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