Nepal Reinsurance CEO Surendra Thapa Suspended Amid Money Laundering Case

Kathmandu — Surendra Thapa, CEO of Nepal Reinsurance Company, has finally been suspended. Thapa, who had been drawing a salary worth hundreds of thousands of rupees per month, is alleged to have played a role in actions that harmed the company’s interests. His suspension took effect today.

The suspension follows the filing of a money laundering case against Thapa by Nepal Police’s Central Investigation Bureau (CIB) in the Special Court. According to the prosecution, during questioning by the Office of the Government Attorney, Thapa denied knowledge of alleged corruption and collusion-related incidents. Prosecutors claim he failed to adequately respond to matters that fell within his responsibilities and attempted to conceal alleged wrongdoing.

Thapa has also been accused of working in coordination with Sulabh Agrawal and Dipak Bhatt in conducting activities within Nepal Reinsurance Company. The prosecution alleges that his actions were linked to offenses under anti-money laundering laws. With his suspension, efforts allegedly aimed at undermining the company have effectively been halted.

It is worth noting that on September 19, 2025, Thapa reportedly walked out of a board meeting after stating that he intended to resign from his position. He later filed a complaint with the Kathmandu District Police Office, claiming that his life was at risk and requesting security protection, while also indicating his intention to resign.

According to the article, police investigations later found evidence suggesting that after returning to his position, Thapa was involved in various activities allegedly intended to damage the company’s interests.

Note: The original Nepali article contains allegations and prosecutorial claims. The charges mentioned are accusations and do not constitute proof of guilt unless established by a court of law.