Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU — Businessman Deepak Bhatt has been placed on an immigration watchlist as authorities intensify an ongoing money laundering investigation, according to official sources.
The move comes after the Department of Money Laundering Investigation on Monday formally requested the Department of Immigration Nepal to restrict Bhatt’s passport, effectively preventing him from leaving the country.
Officials familiar with the matter say the step is part of a broader investigation into suspected financial irregularities. However, authorities have not disclosed specific details regarding the nature of the case or the allegations involved.
Government agencies have so far remained tight-lipped about the scope and findings of the investigation. No formal charges have been made public, and Bhatt’s side has not issued any response.
The use of immigration watchlists in such cases is a common procedural step aimed at ensuring individuals under investigation remain available for inquiry.
The development comes at a time when Nepal has stepped up enforcement of anti-money laundering regulations, with multiple cases under review across sectors.
Analysts note that while such actions signal increased regulatory vigilance, transparency and due process will be key to maintaining public trust as investigations move forward.
Further updates are expected as authorities continue their inquiry.
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