KATHMANDU: Director of Shanker Group, Shulav Agrawal, has been arrested in connection with a money laundering investigation.
He was taken into custody from Bhairahawa, Rupandehi, and has now been produced before the Money Laundering Department.
Shulav’s father, Shanker Agrawal, was previously arrested by the Central Investigation Bureau (CIB) of Nepal Police on Friday. Police said Shulav, who was reportedly in India recently, was arrested following instructions from his father to appear before authorities.
Both Shanker and Shulav are being investigated due to their connections with businessman Dipak Bhatta, who has already been arrested on multiple charges.
Shulav had earlier served as chairman of the controversial Himalayan Life Insurance Limited.
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