Nepal CIB Arrests 21 Individuals in Rs 17 Billion Illegal Transaction Case

Kathmandu: The Nepal CIB arrests 21 individuals from 11 districts for allegedly engaging in illegal transactions exceeding Rs 17 billion. The Central Investigation Bureau (CIB) of Nepal Police made the arrests over the past week and publicly disclosed the accused’s names on Monday. Authorities say the operation targets a sophisticated network that misused digital wallets and remittance channels for illicit financial activities.

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List of Accused in Nepal CIB Arrests

The arrested individuals include:

Morang: Birendra Prasad Sah, Dipendra Prasad Sah
Mahottari: Sharavan Kumar Sah
Saptari: Taralal Yadav, Ramvilas Sah Teli, Sushila Kumari Sahu, Shambhu Mehta
Sarlahi: Hareram Mahato
Dhanusha: Niroj Kumar Mahato, Alita Devi Mahato, Prakash Singh, Arun Kumar Sah, Sanjeev Kumar Mahato
Parsa: Pradeep Kumar Sah, Bikarna Jung Rana
Nawalparasi: Rajkamal Lonia, Bhim Kumar Gurung, Ganapati Pandey
Birgunj: Salma Khatun
Chitwan: Govinda Prasad Acharya

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Nepal CIB Arrests Reveal Digital Wallet Misuse

CIB spokesperson SP Sudhir Raj Shahi said the group conducted illegal trade worth Rs 17.86 billion. Their activities included customs evasion, illicit gold trading, and large-scale tax fraud.

Investigators discovered that the suspects deposited illicit funds into accounts under digital wallet companies. In many cases, they directly placed cash into these accounts. Authorized money transfer companies converted the funds into e-money and processed them as legitimate remittance payouts.

Authorities are now tracking the financial trail to identify additional accomplices. They warn that more individuals and companies could face charges as the investigation expands across the 11 districts.

Implications of Nepal CIB Arrests

Experts say this operation highlights the growing misuse of digital payment systems in Nepal. Furthermore, the investigation aims to strengthen financial regulations, curb money laundering, and ensure accountability in remittance and digital banking services.

The arrests also send a strong message to criminal networks that exploit technology for large-scale financial crimes. Authorities have urged vigilance across banking, remittance, and digital financial sectors.

Learn more about financial crime reports by the World Bank