Three Arrested, Including Indian National, in Kathmandu for Alleged Hawala and Illegal Cryptocurrency Network
Summary
Three individuals, including an Indian national, were arrested in Kathmandu for operating an illegal hawala and cryptocurrency network involving transactions worth over NPR 1.37 billion through Binance.
Key Points
- Three individuals, including Indian national Pravesh Ali, were arrested in Kathmandu for running an illegal hawala and cryptocurrency network.
- Naresh Reule was apprehended first, revealing involvement of Dipti Pokharel and Pravesh Ali in buying and selling USDT.
- Pravesh Ali's Binance transactions amounted to approximately NPR 1.37 billion (over 9 million USDT).
- The authorities recovered four mobile phones and NPR 1.53 million in cash during the arrests and have launched further investigations.
