Authorities discover new changes to old ways of illegally transferring money
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Kathmandu, Nov. 8 -- Last month, two Indian nationals were arrested by police for walking into Nepali territory with Rs3.89 million in Nepali currency. The police, suspecting revenue evasion or misappropriation of foreign exchange, handed over the duo-Ritesh Kumar Madhesia and Niraj Agrahari-to the Department of Revenue Investigation, which duly filed a case at the Rupandehi District Court.
During investigation, the department found that the two individuals had been carrying the Nepali currency in order to deposit the money in the name of Nepalis in Nepali banks.
"We uncovered a new hundi method," said Dirgha Raj Mainali, director-general of the department. "Generally in hundi transfer, money is paid in the destination country but in th...
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