Nepalese police on Monday arrested 5 men for carrying demonetised Indian currency notes of Rs. 500 and Rs. 1000 denomination, worth 1.6 million Nepali rupees (INR 10 lakh).
The men were arrested from Hotel Blue in Kathmandu.
"We received a tip-off about a probable transaction being done by banned Indian currency notes. Our team headed to the location and the arrests were made," said Hobindra Bogati, Deputy Supritendant of Police (DSP) from Metropolitan police circle, Kathmandu.
The motive behind possessing the banned Indian currency notes is yet to be ascertained.
"We are investing further on the issue. They might have brought the amount here hoping it would be opened for the transaction, but we are yet to reach exact motive behind it," Bogati added.
The arrested accused have been identified as Sambhu Pariyar, Ram Bikram Khadka, Santosh Thapa Magar, Dhandwaj Tamang and Rajendra Ghising.
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