Kathmandu, June 14 -- When officials from the Department of Money Laundering Investigation (DoMLI) asked Deepak Bhatta, chairman of Infinity Holdings, about the scale of his annual business turnover, his answer was imprecise.

"I cannot state the exact figure," Bhatta told investigators. "However, my personal annual income is approximately Rs300 million."

Moments earlier, investigators had questioned him about the source of Rs752.6 million that he had transferred to Jagdamba Steels. His response was similarly evasive.

"I cannot disclose the source at this moment. I will have to review my transaction records before providing an explanation," he said.

Accused of engaging in highly unusual financial transactions that allegedly far exceede...