KATHMANDU: Police today raided as eight money transfer agencies in the capital and arrested at least seven persons for their alleged involvement in illegal business of hundi. The Metropolitan Police Crime Division raided the suspicious money transfer agencies in New Road, Thamel and Sundhara and took the suspects into custody. Of the eight agencies, two were not found to have registered with Nepal Rastra Bank to operate money transfer business. More than 20 million rupees have been confiscated from the agencies.