header banner

Unauthorized money changers nabbed

alt=
By No Author
BIRATNAGAR, Oct 12: Police on Friday nabbed two Indian nationals for allegedly profiteering by engaging in unauthorized money changing services.



Bikki Gupta, 30, and Gautam Kumar Mandal, 19, both from Jogbani of India, were arrested by the Morang police for allegedly depositing Rs 50,000 at Bank of Asia in Biratnagar and then withdrawing the amount in Indian currency from an Indian bank. [break]



“They used to make profit by exchanging Indian currencies at higher rates in the black market,” said Morang police spokesperson DSP Umaprasad Chaturbedi.



The police said they believed Gupta and Mandal are the only two members of the gang involved in the illegal operation.



The police have seized four ATM cards of Everest Bank and three ATM cards of Bank of Asia as well as a motorcycle from them.



The police is consulting Rastriya Banijya Bank officials to file case against Gupta and Mandal under relevant laws, according to Chaturbedi.



Related story

NRB rovokes license of money changers at all airports except fo...

Related Stories
ECONOMY

Forex service providers required to make monthly e...

Forex service providers required to make monthly e-filing
ECONOMY

Paid-up capital for remittance providers, money ch...

Paid-up capital for remittance providers, money changers raised
My City

Money and life

passco.jpg
ECONOMY

Agreement between City Express Money Transfer and...

download_20211209173825.png
ECONOMY

NRB urges holders of old Danish banknotes to excha...

NRB.jpg