Nearly Rs 40 million in cash and gold seized in Kathmandu
Summary
Police in Kathmandu have seized nearly Rs 40 million in cash and gold worth Rs 5 million from a house linked to illegal high-interest lending activities.
Key Points
- Police seized nearly Rs 40 million in cash and gold from a house in Gongabu, Kathmandu.
- The cash seized included Rs 35 million deemed 'unsourced'.
- Gold ornaments worth Rs 5 million were also recovered.
- The accused, Binod Kumar Shrestha, was reportedly running a loan racket with exorbitant interest rates using gold as collateral.
