CIB investigates Durga Prasai for alleged money laundering and banking fraud.

Durga Prasai, a controversial businessman accused of banking offenses and money laundering, is being investigated by Nepal’s Central Investigation Bureau (CIB). His arrest was sanctioned after a case was registered on March 30, an official said. Prasai and firms connected to his family are accused of abusing bank loans and executing suspicious financial actions. Prasai, who was also behind a violent royalist protest on March 28, fled the country and went into hiding in India but was brought back to Nepal. He is now in custody and being investigated on suspicion of sedition, organized crime, and financial misconduct.