Kathmandu, May 6 -- The Special Court has extended the remand of businesspersons Deepak Bhatta and Shulav Agrawal by an additional 12 days each for investigation in a money laundering case.

According to the court order, Bhatta's remand has been extended for the fifth time, while Agrawal's has been extended for the sixth time.

The extension was granted by a bench comprising judges Hemanta Rawal, Dilli Ratna Shrestha and Bidur Koirala.

Agrawal is the chairman of Jagdamba Holdings under the Shankar Group, while Bhatta heads Infinity Holdings.

Both individuals are alleged to have been involved in suspicious activities, including manipulating major public procurement contracts, securing licences for hydropower and for banking and insurance...