Crypto Trader Sagar Giri Arrested for Rs 4.33 Billion Transaction
Summary
Sagar Giri, a crypto trader from Kathmandu, has been arrested for allegedly conducting Rs 4.33 billion worth of cryptocurrency transactions linked to money laundering. Police investigations revealed luxury asset purchases and a network of accused individuals now absconding.
Key Points
- Sagar Giri, a 29-year-old crypto trader from Nagarjun Municipality, was arrested for transactions involving Rs 4.33 billion in cryptocurrency.
- Police investigation revealed Giri’s team engaged in extensive crypto trading over three years, acquiring assets like taxis and cars.
- Giri was sent to jail for pre-trial detention while his associate, Pramod Dhital, was released on bail.
- Fourteen people have been charged, with twelve currently on the wanted list for offenses including use of intangible currency and money laundering.
