Kathmandu, September 3
Binod Kumar Shrestha, who was arrested with Rs 4.25 crore in cash and 9 kilograms of gold, is set to be handed over to the Revenue Investigation Department for further investigation.
SSP Bishwa Adhikari of the District Police Range, Kathmandu, confirmed that Shrestha, along with the seized cash and gold, will be referred to the Revenue Investigation Department at Harihar Bhawan.
SSP Adhikari explained that the nature of Shrestha’s offense falls more under the jurisdiction of the Revenue Investigation Department rather than regular police proceedings, necessitating the transfer.
On Tuesday, police conducted a raid and recovered a large sum of money. Due to the substantial amount of cash found, counting machines were brought in from a bank, which confirmed the total seized amount to be Rs 4.25 crore.
In addition, various gold ornaments weighing 9 kilograms and 837 grams were seized, along with silver ornaments weighing 3 kilograms and 218 grams.
The cash, gold, and silver were recovered during the arrest of 77-year-old Binod Kumar Shrestha from Gorkha Bazaar, Gorkha. Police have alleged that the arrested individual was involved in illegal moneylending (meter-byaji).
Shrestha was arrested from his own home in Gongabu, Kathmandu Metropolitan City–26. Police claim that he used to accept gold as collateral and engage in moneylending at exorbitant interest rates.
The raid was conducted after police received a tip-off about a large amount of illegal cash being stashed at the location. During the operation, Shrestha, the homeowner, was taken into custody.
