Dollar Exchange Frauds Increase in 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.