14 Chinese arrested in Nepal for smuggling foreign currencies

Image
Press Trust of India Kathmandu
Last Updated : Apr 05 2014 | 9:58 PM IST
Nepal police has arrested 14 Chinese nationals, including 11 women, for smuggling foreign currencies worth Nepali Rupees 650 million.
The 14 Chinese nationals were detained from Koteshwor, Kathmandu, as they were preparing to smuggle the foreign currencies from Nepal's northern border to Khasa of Tibet, China.
A special squad of Nepal Police nabbed the Chinese nationals as they were trying to smuggle foreign bank notes including USD 397,128 and Euro 116,840 by concealing them under plastic utensils, cosmetic goods, boxes, thermos, and loaf, police said.
Foreign currencies of ten different countries including Japanese Yen, Chinese Yen, Australian dollar and Pound Sterling have been seized by the police.
The police have also arrested three Nepalese drivers who were involved in transporting these foreign currencies in their vehicles.
The total amount of foreign currency equals to Nepalese Rs 650 million, police said, adding, they were arrested during a security check at Koteshwor on the basis of a tip off.
They were trying to smuggle the foreign currencies from Kathmandu towards Khasa in Tibet via Tatopani border, police said.
After a preliminary investigation it was found that the foreign currencies were collected by the Chinese nationals in exchange of bringing gold from Lhasa to Kathmandu.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 05 2014 | 9:58 PM IST

Next Story