KATHMANDU, April 4: The Central Investigation Bureau (CIB) of Nepal Police on Friday evening arrested Shanker Group Chair Shankerlal Agrawal. Following his statement at the Department of Money Laundering Investigation, Agrawal was taken into custody at the Lalitpur District Police Office.
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He is accused of misusing the resources of public limited companies to expand influence in the stock market, insurance, and hydropower sectors.
The CIB said further investigation into the case is underway.
