Three men have been arrested for illegally trading cryptocurrency and possessing over Rs 4 lakh in cash.
The arrested individuals are:
They were arrested by a team from the Kathmandu District Police Office. Police have taken a five-day remand from the Kathmandu District Court to investigate the case under the offense of trading virtual currency, which is illegal in Nepal.
According to police spokesperson SP Apil Raj Bohora, the group used to lure people planning to go abroad for jobs. They would convince them to open bank accounts, which were then misused to handle money obtained through fraud.
Police recovered Rs 420,055 in cash and over 200 SIM cards from them.