Police on Monday raided the home and office of prominent industrialist Prakash Mundara, a former president of the Morang Chamber of Commerce and Industry, after receiving a tip-off that a large cache of illegal cash was being stored on the premises. The extensive search, however, ended without any seizure.

According to the District Police Office, Morang he operation began at around 4am at Mundara’s residence and office in ward 7 of Biratnagar Metropolitan City.

Acting on what police described as “special intelligence”, officers from the District Police Office, Morang, the Biratnagar Ward Police Office and the Area Police Office in Rani carried out coordinated searches of the properties.

More than a dozen police vehicles were deployed for the operation, which was led by Superintendent of Police Kabit Katwal, Morang police chief.

Police temporarily sealed off the area surrounding Mundara’s residence while the search was underway. Roads leading towards the District Administration Office and the Golchha Mode area were also briefly blocked.

Despite conducting an exhaustive search of both the residence and the adjoining office, investigators said they found no cash, documents or any other incriminating material.

SP Katwal confirmed that the raid was launched based on intelligence inputs but said the information could not be substantiated.

“We carried out the raid based on special intelligence. We conducted a thorough search of the residence and office, but nothing was found,” Katwal said.

Police have not disclosed the nature of the intelligence or whether the operation is linked to any ongoing investigation. Officers only said they had received information suggesting that a large amount of illegally held cash could be hidden atMundara’s property.

The raid has fuelled speculation within the local business community, but police have not announced any formal allegations or charges against Mundara.