The Nepal Rastra Bank (NRB) board on Thursday decided to file a case in the US District Court for Southern District of New York, seeking an order to revoke its earlier decision,” said an NRB board member.

The earlier decision of the court was to debit US $ 1 million from NRB’s account to Standard Chartered Bank’s New York branch when Ashim Khatri Chhetri, chairman Tarala International filed case at the court after the government froze US$ 1 million sent by Tarala to Chinese national Wu Lixiang—reportedly its agent—on suspicion of money laundering.

The NRB has already sent documents required for filing the case to the law firm chosen by Chhetri and Associates, according to NRB source.

Tarala has not withdrawn the amount from the bank yet, it is only debited from NRB’s account to another account only. So, the central bank seeks to get back the debited amount through legal measures, said a senior NRB official.

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