The district court on Sunday granted him permission to be detained for five days for the first time. The permission was granted by a bench of District Judge Jagat Poudel.
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The Kathmandu District Court has granted five-day detention to Shankar Group director Sulabh Agrawal, who was arrested in a money laundering case. The district court on Sunday granted him five-day detention for the first time. The permission was granted by a bench of District Judge Jagat Poudel.
Agrawal, who is also the chairman of Jagdamba Holdings under Shankar Group, was taken into custody by the Money Laundering Department on Sunday morning. The department had taken Shankar Group chairman Shankarlal Agrawal, who is also Sulabh's father, under custody from Kathmandu on Friday during the investigation.
Shankar Agrawal's son Sulabh was also arrested soon after his arrest during the investigation into suspicious financial transactions between Infinity Holdings and Shankar Group.
Based on a letter from the Money Laundering Investigation Department, the Central Investigation Bureau (CIB) of the police arrested Infinity Holdings chief Deepak Bhatta from Naxal, Kathmandu on Thursday.
After suspicious financial transactions worth crores of rupees were observed, Nepal Rastra Bank had sent a letter to the department two and a half years ago to investigate the financial transactions between Shankar Group and Infinity Holdings.
