Friday, June 26th, 2026

Rising cases of dollar exchange fraud: Kathmandu Valley faces wave of looting incidents

Police arrest eight individuals with connection to the case



KATHMANDU: Incidents of looting under the guise of dollar exchange are witnessing a surge in the Kathmandu Valley. The District Police Range, Kathmandu, has reported the presence of a criminal racket engaged in fraudulent activities related to dollar exchange within the Valley.

Kumud Dhungel, Spokesperson and Superintendent of Police for the Police Range Kathmandu, disclosed that cases of deception involving the exchange of dollars have been reported from various areas within the Valley. In response to the escalating trend, law enforcement has intensified efforts to curb such criminal activities, deploying a dedicated team over the past few days.

As part of this crackdown, a joint team from the District Police Range, Kathmandu, and the Kathmandu Valley Crime Investigation Office apprehended eight individuals as of Tuesday during search operations.

The arrested individuals include Khadka Bahadur Tamang (34) from Dhading, currently residing in Samakhusi, Kathmandu; Ashok Limbu (36) from Morang; Ram Bahadur Lama from Sindhupalchowk; Subba Tamang (36) from Duwakot, Bhaktapur; Chandra Bahadur Tamang (45) from Tarakeshwar, Kathmandu, and Rel Bahadur Tamang, Devraj Tamang, and Krishna Kumari Tamang, also known as Manju, from Sindhupalchowk.

Law enforcement seized 16 stacks of genuine US Dollars with a denomination of 50, two passport copies, one Tilahari necklace, and a scooter from the suspects. The arrested individuals are currently in custody at the District Police Range, Kathmandu, where ongoing investigations seek to uncover additional details.

RSS

Publish Date : 20 December 2023 13:22 PM

Today’s News in a Nutshell

KATHMANDU: Khabarhub brings you a glimpse of major developments of

Man arrested on charges of infant murder and incest in Jhapa

BHADRAPUR: Police have arrested a man accused of killing a

Oli, Prachanda, Madhav Nepal to share stage after long gap

KATHMANDU: After a long interval, top communist leaders are set

Samsung to unveil record $650 billion South Korea investment amid AI boom

SEOUL: Samsung Electronics is expected to announce a record 1,000

Rabi Lamichhane says he has no room for immaturity

KATHMANDU: Rastriya Swatantra Party (RSP) President Rabi Lamichhane has said