Kathmandu, May 25 -- The Central Investigation Bureau (CIB) of Nepal Police has launched a money laundering investigation against Yunus Ansari, who was released on Saturday after completing a six-year prison term in a counterfeit Indian currency case.

CIB took Ansari, often described as a kingpin in fake Indian currency networks operating in Nepal, into custody immediately after his release from Nakkhu Prison and is preparing to secure a remand from the court to begin the probe, according to Senior Superintendent of Police Hobindra Bogati. Ansari is scheduled to be presented before the Kathmandu District Court on Sunday.

The CIB formally wrote to the Department of Prison Management on Wednesday, requesting that Ansari be presented for i...