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12 Indians arrested for running illegal networking business in Nepal

Press Trust of India  |  Kathmandu 

Twelve Indian nationals have been arrested for allegedly running an business and several people in the nation, according to

All the 12 accused, belonging to Uttar Pradesh, were arrested from a hotel in on Friday while organising an orientation and training programme to run the business for around 300 Nepalis, Times reported.

Networking business, under which money is sent to foreign countries without any legal channel, has been banned by Rastra Bank.

Metropolitan Crime Range said all the suspects have been taken into custody.

"They were asking the people participating in the orientation to invest USD 1,250 promising them attractive return, a for the Metropolitan Crime Range Hobindra Bogati was quoted as saying.

He further said the arrested Indian nationals had opened an unregistered marketing company in named

"The arrestees have already swindled many Nepalis in the name of the company," the said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, May 12 2019. 14:10 IST