Sunday, December 14th, 2025

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

Minister Ghising directs early completion of Muglin–Pokhara road

TANAHUN: Minister for Physical Infrastructure and Transport Kulman Ghising has

Gold prices continue to rise

KATHMANDU: Gold prices increased further today compared to last Friday,

UML Central Committee meeting underway at Bhrikutimandap

KATHMANDU: The Central Committee meeting of the CPN-UML has begun

Birgunj Metropolitan City clears encroachments from BP Park

PARSA: Birgunj Metropolitan City has removed businesses operating illegally on BP

Parliament Service Day observed with a range of programs

KATHMANDU: Federal Parliament Service Day is being observed today, Mangsir