Police seize Rs 546m gold haul, arrest three Chinese nationals

Summary

Police seized 21.75 kg of gold worth Rs 546.01 million from a rented house in Budhanilkantha, Kathmandu, and arrested three Chinese nationals in connection with an alleged smuggling operation. Investigators say the group was processing semi-solid gold into bars using a furnace, scales and other machinery.

Key Points
  • Police recovered 21.75 kg of gold valued at Rs 546.01 million from a rented house in Upper Bhangal, Budhanilkantha Municipality-2.
  • Three Chinese nationals — Han Fei, Zhou Longqing and Chu Qian — were arrested on suspicion of gold smuggling.
  • Investigators say the group used the house to process semi-solid gold into bar-shaped blocks.
  • Police also seized a high-temperature furnace, digital scales, machinery and a BYD vehicle allegedly used by the suspects.
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