KATHMANDU: In a recent development, the Department of Revenue Investigation apprehended businessman Naresh Agrawal on Thursday night from Chetrapati on charges related to tax evasion.

The police conducted a raid during which Rs 20 million in cash was seized.

Agrawal is accused of engaging in tax evasion through the trading of gold and the use of hundi, an informal money transfer system.

Alongside Agrawal, several others were also taken into custody, as confirmed by Nabraj Adhikari, the spokesperson for the department.