Kathmandu. The case has been filed at the Patan High Court demanding a fine of Rs 421,488,807 and 6 to 8 years imprisonment against businessman Deepak Bhatta, businessmen Shahil, Shulabh and Shankarlal Agrawal.

Section 8 of the Banking Offences and Punishment Act, 2064 (2007) has demanded a fine and imprisonment as per Section 15 (2) (e) of the same Act.

Defendant Shankarlal Agrawal has been found to have indirectly aided and abetted Deepak Bhatt, Shulabh Agrawal and Shahil Agrawal in the misuse of loans under Section 8 of the Banking Offences and Punishment Act, 2064.

Shankarlal Agrawal should be punished under Section 15 (6) of the Banking Offences and Punishment Act, 2064 and compensation should also be paid to the Victim Relief Fund as per Section 41 (2) and (3) of the Crime Victims Protection Act, 2075.

Investigation is underway against Bhatt and Shulabh Agrawal under the Prevention of Money Laundering Act, 2064 BS at the Department of Property Investigation in Pulchowk, Lalitpur.