Nepal: 12 Indians arrested for running illegal networking business
Kathmandu, May 12 (IBNS): Nepal Police, in coordination with Nepal Rastra Bank and Department of Revenue Investigation, on Sunday arrested 12 Indians for running illegal networking business in the Himalayan nation.
Metropolitan Crime Range said all the suspects taken into custody were Indian nationals, reported The Himalayan Times.
According to reports, the people were arrested from Hotel Yak and Yeti at Durbarmarg in the capital city Kathmandu.
As per The Himalayan Times report, the police also claimed that they were organising orientation and training to run the illegal networking business for around 300 Nepalis at the hotel.
In neighbouring nation, the Nepal Rastra Bank has banned networking business.
A spokesperson for the Metropolitan Crime Range DSP Hobindra Bogati told The Himalayan Times 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 a foreign country without any legal channel was illegal in Nepal.
He further told the news paper that the arrested Indian nationals had opened an unregistered marketing com pany in Nepal named Shine Group International.
"Six cases have already been filed against Rashid Nasin, 43, of Allahabad, India, who is the mastermind of the networking business,” DSP Bogati told the newspaper.
The arrested people are from Uttar Pradesh state of India.
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