21 Arrested for Involvement in Rs. 18 Billion Illegal Transactions

The Central Investigation Bureau (CIB) has arrested 21 individuals accused of engaging in illegal transactions under the name of internal remittance. They are alleged to have conducted illegal dealings amounting to Rs. 17.86 billion (Rs. 17,867,039,107).

The CIB has initiated an investigation after arresting businessmen from 11 districts. These individuals are accused of obstructing foreign remittance inflows and engaging in illegal activities such as customs evasion, smuggling, illegal gold trade, and tax evasion in Nepal.

According to the authorities, the arrested individuals used digital wallet companies (Sajilo Pay and Paywell Nepal Pvt. Ltd.) to deposit the illegally obtained funds into various bank accounts in Nepal. Subsequently, money transfer services were used to transfer the funds to the accounts of Nepali workers and students abroad, settling remittance payments for their families in Nepal.

The CIB has stated that investigations are ongoing, and actions are being taken under the Nepal Rastra Bank Act, 2058, for violations of the central bank's orders and directives.