Kathmandu Metropolitan Crime Division (MCD) of Nepal Police on Monday arrested seven persons with Rs 17.2 million for their alleged involvement in running illegal Hundi business (transfer of money through illegal channels) under the guise of business.

According to MCD Chief SSP Sarbendra Khanal, Pawan Sarabgi, Mohanman Shrestha, Kumar Rai, Nirdosh Prasain, Rajan Poudel, Tal Bahadur Tamang, Amit Kharel, and Rohit Dulal have been arrested. Sarabgi has been running a shop at Newroad, Pyukha.

Police seized Rs 6.3million from Sarabgi, Rs 2million from Shrestha, Rs 1.9 million from Prasain, Rs 3.2million from Poudel, Rs 1.1million from Tamang, Rs1.2million from Kharel and Rs 500,000 from Dulal. They have been arrested for further investigation, SSP Khanal said.     

Based on tip-offs, police have raided and arrested over 20 persons involved in Hundi business under the guise of money changer, money transfer and travel agency. The Hundi traders were arrested from Newroad, Duarbarmarg and Thamel area.