Himal Press 
KATHMANDU: The Central Investigation Bureau (CIB) of Nepal Police has arrested 21 individuals from various districts on charges of illegal financial transactions.
The CIB arrested the suspects, including remittance company and travel agency operators, from 11 districts.
The investigation revealed that the suspects engaged in illegal activities in Nepal, such as customs evasion, illicit gold trading, and tax evasion, under the guise of domestic remittances. The suspects employed “money mules” to deposit illicitly obtained funds into bank accounts in Nepal under the names of digital wallet companies, including Sajilo Pay and Paywell Nepal Pvt Ltd, according to CIB.
These funds were then converted into e-money through various money transfer services via digital wallet companies and disbursed as remittances to the accounts of relatives in Nepal.
According to the CIB, the arrested individuals were involved in illegal transactions amounting to Rs 17.86 billion. The investigation is ongoing under the Nepal Rastra Bank Act, 2058.
