KATHMANDU: Nepal Police’s Central Investigation Bureau (CIB) has arrested a man on charges of allegedly operating an illegal hundi (informal money transfer) network involving transactions worth more than Rs. 1.89 billion.

According to the CIB, the investigation was launched after receiving confidential information that several individuals were involved in illegal hundi transactions. Authorities analyzed the banking activities of the suspected individuals and found that the accused, allegedly in collusion with others, had used personal bank accounts to conduct transactions totaling Rs. 1,89,65,39,454 through the illegal hundi system.

Based on the findings, the Kathmandu District Court issued an arrest warrant on July 28, 2026 (Shrawan 12, 2083 BS) under charges related to illegal hundi transactions.

The suspect was arrested the same day from the Radhakrishna Temple area of Ward No. 8, Nagarjun Municipality, Kathmandu. Police said further investigation into the case is underway.