Case Filed Against Two For Illegal Cryptocurrency And Hundi Trading

Kathmandu: A case has been filed against two individuals in the Kathmandu District Court for their involvement in illegal cryptocurrency and hundi trading. The case was registered on Tuesday against 36-year-old Bishal Dangol, a resident of Kalanki, Kathmandu-14, and 44-year-old Umesh Shrestha, a resident of Dharan, Sunsari.

They have been charged with engaging in transactions involving non-physical currency.

A team from the Kathmandu District Police Range arrested the two on the afternoon of 29 November, 2025 from Bijuli Bazaar in New Baneshwor. Police detained them under suspicious circumstances. Five mobile phones were recovered during the search.

During the investigation, Bishal Dangol admitted that he had been illegally trading cryptocurrency for the past five to six months. He told investigators that the main planner of the operation was Gopal Pokharel, who is currently residing in the United States.

Dangol stated that he holds an IT degree from the UK and an MBA from Nepal. He was working as a graphic designer, creating logos and digital visiting cards. According to his statement, Pokharel contacted him through Facebook and WhatsApp and offered him work.

Dangol said Pokharel instructed him to purchase two mobile phones and install software called OS Link. Pokharel allegedly controlled the phones remotely from the US. He also installed the Binance app on Dangol’s phone. The Binance account used was named Booster 555.

According to the investigation, when individuals in Nepal wanted to invest in cryptocurrency, Dangol would receive Nepali rupees from them. Pokharel would then deposit USDT, a type of cryptocurrency, into the Binance account of the concerned person from the United States. Police also found that hundi transactions were conducted using the same method when people wanted to send money from abroad.

Initial examination of the seized mobile phones showed that illegal transactions worth Rs 74,52,699 had been conducted through the Binance account so far. At the time of arrest, the account contained 2,908.7 USDT, equivalent to around Rs 4,12,000.

Police said the accused had gone to Bijuli Bazaar to withdraw the amount. However, they were arrested before they could withdraw the USDT.

The District Attorney's Office has registered the case under Section 262 (A) of the Criminal Code, 2074 BS. The provision prohibits the production, sale, or transaction of non-physical currency other than currency issued by Nepal Rastra Bank.

If found guilty, the charge sheet seeks imprisonment of up to five years, a fine equivalent to the amount involved, and confiscation of the five seized mobile phones.

 

पछिल्लो अध्यावधिक: पुस ९, २०८२ १९:३२

टिप्पणीहरू