Kathmandu, April 29: The Central Investigation Bureau (CIB) of Nepal Police has arrested 21 individuals involved in illegal financial activities across 11 districts. The suspects allegedly operated as “Money Mules” by using their Nepali bank accounts to illegally channel nearly Rs 17 billion received through informal and unauthorized means.
According to CIB, the crackdown follows the discovery of significant amounts of remittance funds being transferred into Nepal under suspicious circumstances, bypassing official channels. These transactions were disguised as legitimate remittance payments but were instead funneled through digital wallets and unauthorized money transfer services in the name of companies like Sajilo Pay, PayWell Nepal (authorized by Nepal Rastra Bank).
The bureau revealed that the suspects collaborated with individuals residing abroad to carry out illegal financial transactions. These operations involved transferring foreign income to Nepalese accounts of students and local residents, later settling payments through remittance in a manner inconsistent with legal protocols.
Further investigations are underway, and CIB has reiterated its commitment to controlling such illegal financial practices. The Nepal Rastra Bank has been notified of the matter, and necessary legal action is being pursued in coordination with relevant agencies.
