Sixth insurance-related case filed against Deepak Bhatta and 17 others

Authorities have filed a sixth insurance-related legal case against Deepak Bhatta and 17 co-defendants in Nepal. The new charges center on allegations that funds were illicitly siphoned from Himalayan Re-Insurance through a series of complex financial transactions.

This latest filing adds to a growing list of legal challenges for the group, as multiple money laundering and insurance-related cases remain pending before the courts. The ongoing litigation highlights a significant focus on the financial operations and governance of the firm.