The Indian nationals were organising an orientation programme to run the illegal networking business for around 300 Nepalis at a hotel.
Kathmandu, May 11
Nepal Police, in coordination with Nepal Rastra Bank and Department of Revenue Investigation, arrested 12 persons for operating illegal networking business in Nepal.
Metropolitan Crime Range said all the suspects taken into custody were Indian nationals.
They were held from Hotel Yak and Yeti at Durbarmarg last night. Police also claimed that they were organising an orientation and training to run the illegal networking business for around 300 Nepalis at the hotel. Networking business has been banned by Nepal Rastra Bank in the country.
Spokesperson for the Metropolitan Crime Range DSP Hobindra Bogati told THT that police arrested the Indians as they found their activities suspicious. “They were asking the people participating in the orientation to invest USD 1,250 promising them attractive return,” said Bogati, adding that sending money to foreign country without any legal channel was illegal in Nepal.
He further said the arrested Indian nationals had opened an unregistered marketing com pany in Nepal named Shine Group International.
The arrestees have already swindled many Nepalis in the name of Shine Group International, according to DSP Bogati.
Six cases have already been filed against Rashid Nasin, 43, of Alahabad, India, who is the mastermind of the networking business,” informed DSP Bogati.
He further said the arrested had lied to people about running diamond and jewellery related business.
Police said all 12 Indian nationals were from Uttar Pradesh.
A version of this article appears in print on May 12, 2019 of The Himalayan Times.