Kathmandu, April 29: A clothing trader from Udayapur lost Rs 2 million after falling victim to a sophisticated “double money” fraud scheme involving fake currency bundles and staged trust-building tactics.
Police have arrested six suspects and seized counterfeit notes worth Rs 20 million following an investigation by the Kathmandu Valley Crime Investigation Office.
The victim, identified as Sabin Thapa (name changed), was approached by Yog Bahadur Tamang, who claimed access to banknotes indistinguishable from genuine Nepali currency. To gain trust, the group initially exchanged real notes in small transactions, even convincing Thapa after a successful bank exchange.
Encouraged by early gains, Thapa later handed over Rs 2 million expecting Rs 4 million in return. However, the bundles he received contained genuine notes only on the top and bottom, with plain paper inside. The suspects fled with the cash.
According to Senior Superintendent of Police Santosh Khadka, the group used a calculated approach—building confidence with genuine money before executing large-scale fraud. Police suspect at least three other victims were similarly targeted.
Those arrested include Milan Kumar Tamang, Bhavindra Kumar Tamang, Prabin Mahatto, Muna Dhami, and Satya Narayan Chaudhary, among others.
Police also seized a vehicle and motorcycle used in the operation. Inside the vehicle, officers found 40 bundles of fake currency. The rear number plate had been removed, while the front was covered with an “Educational Excursion” sign to avoid suspicion.
Further investigation is ongoing, with authorities warning of more potential victims. #Nepal
