CIB request to inform if illegal money is deposited in the account

Kathmandu. The Central Investigation Bureau (CIB) of Nepal Police has urged the general public to report any information if they find money deposited into their accounts through illegal channels.

During the investigation, it was found that remittances sent by Nepali citizens living abroad, including in countries like the United Arab Emirates, Qatar, Kuwait, Australia, the USA, Japan, South Korea, and the UK, are coming through illegal processes. It was discovered that these funds were being deposited into the bank accounts of relatives in Nepal through unauthorized agents. The CIB has requested anyone finding such deposits to report them.

The CIB spokesperson, Police Superintendent Hobindra Bogati, stated that foreign currencies received from Nepali citizens abroad are being used for illegal activities such as payments for illegal gold trade, online fraud, gambling, human trafficking, corruption, illegal asset acquisition, terrorist activities, and unaccounted investments. The public has been asked to avoid becoming part of these illegal activities.

Such money can lead to reduced foreign currency reserves, capital flight, increased informal economy, and negative impacts on the economy, including affecting development projects, price instability, and heightened investment risks, he added.

The CIB emphasized that it is the duty of all Nepali citizens both inside and outside Nepal to inform the relevant authorities to prevent and discourage such illegal transactions.

The CIB has issued a public notice warning that those involved in illegal transactions, whether abroad or within Nepal, may face legal action under the Nepal Rastra Bank Act, 2058, the Muluki Criminal Code, 2074, the Organized Crime Control Act, 2070, and other applicable laws.

The CIB has also requested that anyone receiving money from relatives in Nepal who are working or studying abroad check their bank statements to ensure the funds are obtained through legitimate means. If any deposits are found to be from illegal processes, they should report them to the relevant authorities or the police office.

The general public has been urged not to participate in illegal processes, to transact only through legitimate means, and to ensure the legality of their financial transactions.