BHAKTAPUR, July 14: A money laundering case has been filed against Prakash Suwal, the operator of Suwal International College, for allegedly collecting admission fees from students without registering the institution.
According to the Department of Money Laundering Investigation (DoMLI), a case was registered at the Bhaktapur District Court after it was found that Suwal had accepted enrollment fees for nursing, pharmacy, and other programs despite the college lacking legal registration.
Money laundering case filed against four persons arrested on ch...
Earlier, a fraud case had already been filed against Suwal at the same court, and based on the court’s ruling, he is currently in custody at Nakkhu Prison. Investigations led by the Nepal Police revealed that Suwal had defrauded a total of Rs 31.1 million from 239 students.
The Office of the Government Attorney had filed supplementary charge sheets in phases since mid-December 2022. On 18 December 2024, the Bhaktapur District Court sentenced Suwal to four years in prison and ordered him to repay the defrauded amount to the victims.
Further investigation by the DoMLI revealed that Suwal had engaged in the conversion and transfer of illicit assets obtained through criminal activities. Based on these findings, a money laundering case demanding the recovery of Rs 12 million has been officially lodged against him.
