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Monday, July 28, 2025

Without Fear or FavourUNWIND IN STYLE

23.73°C Kathmandu
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Mon, Jul 28, 2025
23.73°C Kathmandu
Air Quality in Kathmandu: 30
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Valley

Two men held for running illegal remittance business

Although crime rates in the Kathmandu Valley have dropped significantly during the lockdown, police continue to receive complaints.
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Shuvam Dhungana
Published at : May 3, 2020
Updated at : May 3, 2020 09:01
Kathmandu

Police on Saturday arrested two men, one of them an Indian national, suspected of operating a hundi (illegal money transfer) service in Kathmandu, and seized over Rs 2.4 million in cash from them.

Acting on a tip off, Metropolitan Police Beat, Kalimati, arrested Rupesh Kumar Gupta, 39, a resident of Motihari, India, living in Lalitpur and Sagar Shrestha, 35 a resident of Baglung currently living in New Baneshwor.

“Of the total seized amount, over 600,000 was recovered from Gupta while remaining 1.8 million was confiscated from Shrestha,” said Deputy Superintendent Rugam Kunwar, chief at Metropolitan Police Beat, Kalimati.

“The arrestees were found to have been involved in running hundi and further investigation into the case is underway,” said Kunwar. “The duo have been kept at the Kalimati Police station. They will be handed over to the Revenue Investigation Department for further investigation.”

Hundi is an informal money transfer system that uses closed networks to transfer cash without actually doing a cross-border transaction. Brokers in two different countries facilitate the money transfer through a mutual agreement. One receives cash from the remitter and the other hands it out to the beneficiary allotted by the remitter.

Although crime rates in the Kathmandu Valley have dropped significantly during the lockdown, police continue to receive complaints. “We have seen crimes such as banking offences and suicides even during the lockdown,” said Superintendent Hobindra Bogati, spokesperson for Kathmandu Metropolitan Police Range.

More than 5,000 police personnel have been mobilised throughout the Valley to enforce the lockdown. Most of the cases police have been dealing with in the recent weeks are related to lockdown violations.


Shuvam Dhungana

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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E-PAPER | July 28, 2025

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