KATHMANDU, Dec 20: Cases of looting in the name of exchanging dollars have been on the rise of late in the Kathmandu Valley.

According to the District Police Range, Kathmandu, a racket of looters is reportedly active in the Valley.

Police Range Kathmandu's Spokesperson and Superintendent of Police, Kumud  Dhungel said cases of fraud in the pretext of exchanging dollars are being reported from various parts of the Valley.

The police are trying to crack down on the trend by mobilizing a dedicated team for the past few days, it is said.

A police team jointly mobilized from the District Police Range, Kathmandu and the Kathmandu Valley Crime Investigation Office arrested eight people as of Tuesday in the course of investigation.

Those arrested in this connection are 34-year-old Khadka Bahadur Tamang of Dhading and currently living in Samakhusi, Kathmandu; 36-year-old Ashok Limbu of Morang; Ram Bahadur Lama of Sindhupalchowk; Subba Tamang, 36, of Duwakot, Bhaktapur; Chandra Bahadur Tamang, 45, of Tarakeshwar, Kathmandu and Rel Bahadur Tamang, Devraj Tamang and Krishna Kumari Tamang alias Manju of Sindhupalchowk.

Police confiscated 16 stacks of genuine US Dollars of 50 denomination, two copies of passport, one Tilahari necklace and a scooter from them. Further investigation is on by keeping the arrestees at the District Police Range, Kathmandu. Police said a search is ongoing for other people involved in looting in complicity with the arrested persons.

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