Police seize Rs 20 million in raid on businessman Naresh Agrawal's residence

KATHMANDU: In a recent operation, the police successfully confiscated Rs 20 million during a raid at the residence of businessman Naresh Agrawal. The Department of Revenue led the operation, conducting the raid on Agrawal's residence located in Chetrapati.

Nawaraj Adhikari, the information officer at the department, confirmed that not only was a significant amount seized, but Naresh Agrawal has also been arrested in connection with the ongoing investigation. Agrawal is facing allegations related to hundi transactions, involvement in gold trade, and participation in cryptocurrency activities.

The raid is part of the government's concerted efforts to curb illicit financial activities and ensure compliance with financial regulations.

The seizure of funds and subsequent arrest underscore the authorities' commitment to addressing various forms of financial impropriety.