Two arrested in Kathmandu for undisclosed cash and banking fraud

KATHMANDU: A man has been arrested in possession of Rs 3.8 million in cash of undisclosed origin from Kathmandu Metropolitan City-22, Sundhara.

The District Police Range, Kathmandu, apprehended Madhav Shrestha, 48, from Bharatpur Metropolis-15, along with the cash.

In addition to the money, the police seized a scooter (Bagmati State 2048 Pa 8130) and a mobile phone from Shrestha.

In a separate incident, police have arrested Maniram Poudel, 52, of Kathmandu Metropolis-7, who had been absconding after a case of banking fraud was filed against him.

The District Court Kathmandu had granted permission to arrest him on June 16 in connection with the banking fraud case.

A team from the Kathmandu Valley Crime Investigation Office, Minbhawan, arrested Poudel from Kumarigal, Kathmandu.

Further investigation into both cases is underway, according to the police.