Chinese national arrested in Kathmandu for illegal cryptocurrency transactions

Summary

Nepal Police arrested a Chinese national, Zhu Yi Feng, in Kathmandu for illegal cryptocurrency transactions and online fraud involving Nepali citizens.

Key Points
  • A Chinese national, Zhu Yi Feng, was arrested in Kathmandu for involvement in illegal cryptocurrency transactions.
  • The suspect used social media to lure Nepali citizens and used their bank accounts for fraudulent activities.
  • Approximately Rs 177.97 million were involved in these illegal transactions.
  • Police have obtained a five-day remand for further investigation.
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