Businessman Deepak Bhatt Blacklisted Amid Money Laundering Probe, Passport Suspended

Kathmandu – Businessman Deepak Bhatt has been placed on the immigration blacklist following an ongoing investigation into alleged money laundering activities, according to sources.The Department of Immigration took the step after receiving a formal communication from the Department of Money Laundering Investigation. With the blacklisting in effect, Bhatt’s passport has also been suspended, restricting his ability to travel abroad.Bhatt has reportedly been investing in multiple companies through Infinity Holdings, including Himalayan Reinsurance Company. Authorities have raised concerns over the unclear sources of funds used in these investments, suspecting attempts to legitimize large sums of money through such channels.Bhatt has previously been linked to controversies involving major public procurement and contract deals, where he is alleged to have acted as an intermediary. He has also faced accusations of leveraging political connections to influence decisions in favor of vested interests.Officials indicate that the investigation is ongoing, and further legal actions may follow based on the findings.