Indian national arrested in Nepal for fraudulent activities

A 41-year-old Indian man was arrested in Nepal today for cheating people on the pretext of exchanging banned high denomination Indian currency.
Harekrishna Shah from West Bengal was arrested in Kalanki in the outskirt of Kathmandu in connection with his fraudulent activities.
He had assured people to provide them with 5 million Nepalese rupees in exchange of INR 3.65 million with higher denominations.
A special Kathmandu Metropolitan Police Circle at Teku for taking necessary legal action under the fraudulent activities, according to the police.
The Indian government recently banned notes of denominations Rs 500 and Rs 1,000 in a bid to tackle black money.

Nepal shares border with India. Indian currency is widely used in Nepal for day-to-day transactions, especially in the border areas. Also, a large number of Nepalese citizens working in India send remittances to their family in Nepal in higher denomination notes. Nepal, a landlocked country, depends on India for trade and supplies.