Sulabh Agrawal, director of Shankar Group, was presented at the Kathmandu District Court for an extension of detention on charges related to money laundering. The defense hearing has been completed at the district court, and further proceedings will be carried out according to the court’s directives. Shankarlal Agrawal, chairman of Shankar Group, was also arrested, later released after completing his statement. Kathmandu, 22 Chaitra.
According to Gajendra Thakur, Director General of the Money Laundering Investigation Department, Agrawal was arrested on Sunday. He stated, “The defense hearing is complete. We will act according to whatever orders the court issues.” An investigation is ongoing against Agrawal by the Money Laundering Investigation Department.
Agrawal was previously arrested in 2076 BS for attempting to sell thermal guns used for measuring fever at inflated prices. He was later released on bail by the department. Earlier, on Friday, Shankarlal Agrawal, chairman of Shankar Group, was also arrested; he was released after completing his statement. Shankar Group is one of Nepal’s leading business conglomerates, with its main company being Jagdamba Steel. The group has investments in steel, cement, hydropower, and consumer goods sectors within Nepal.
