Sleuths deployed from Metropolitan Police Beat, Kalimati on Sunday arrested an Indian National suspected of running Hundi (illegal money transfer) operations from Kuleshwor, Kathmandu.
The arrestee has been identified as Satyanarayan Prasad, 57, of Betiya District, India.
Police said that they confiscated Rs3.5 million cash, INR 1,19000, bank cheques worth Rs3.6 million, cheque book of around six banks and a phone in his possession.
“The arrestee has been found involved in running Hundi. Prasad has been kept in Kalimati Police Beat. He will be handed over to Revenue Investigation Department on Monday for further investigation,” said Deputy Superintendent Rugam Kunwar, chief at Metropolitan Police Beat, Kalimati.
During interrogation, Prasad said he had been operating hundi for the past two decades and exchanging Indian rupees with Nepali currency, said Kunwar.
“Hundi operation might have connections with tax evasion and money laundering,” added Kunwar.
Shuvam Dhungana was a crime and social affairs reporter for The Kathmandu Post. Before joining the Post, Dhungana worked for The Himalayan Times and Republica.
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