Illegal Crypto Trading: Over Rs 97.4 million embezzled

KATHMANDU: The Department of Revenue Investigation has filed a case against two persons on the charge of trading in foreign exchange illegally. The department filed a case against Pushkar Shrestha and Binita Limbu of Ratuwamai Municipality-7, Morang, on Monday at Kathmandu District Court under the Foreign Exchange (Regularisation) Act, 2019, according to a statement issued by the department on Tuesday. They were found to have illegally traded US dollars through mass collusion using means such as OneXwet, Destruction, AdvCash, Coinbase and Packfull, which are banned in Nepal. It was made public that they were involved in the US dollar exchange and as an investor in crypto. Shrestha is accused of embezzling a total of Rs 75,771,956  including Rs 8,683,429 from Mega Bank, Rs 25,176,099 from Citizen Bank, Rs 18,249,889 from NIC Asia Bank and Rs 23,662,539 from Rastriya Banijya Bank. Similarly, Limbu is found to have embezzled Rs 21,698,024 from NIC Asia Bank. The department has filed a case against the accused demanding confiscation of embezzled amount and punishment and up to three years imprisonment. (With inputs from RSS) READ ALSO:

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