Three Arrested in Kathmandu for Fake Gold and Foreign Currency Scam

Police in Kathmandu have arrested three individuals accused of cheating people by displaying fake gold and foreign currency. The suspects were allegedly involved in fraudulent activities where they tricked victims by presenting counterfeit gold and fake foreign banknotes before robbing them.

Suspects Identified

The arrested individuals include Bimal Tamang, a 47-year-old from Sindhuli currently living in Lalitpur; Lal Bahadur Ghising, a 39-year-old from Sindhuli residing in Kathmandu; and Bhakta Bahadur Gadali Vikal, a 39-year-old from Khotang living in Bhaktapur. The arrests were made by the Kathmandu Valley Crime Investigation Office in Teku following reports of their fraudulent activities.

How the Scam Worked

Investigations revealed that the group targeted victims by pretending to sell real gold at low prices. They would show fake gold pieces, convince victims to bring their own gold jewelry or cash for exchange, and then swap the genuine items with counterfeit ones before escaping. In another scheme, they claimed to possess Saudi Riyals and other foreign currencies, offering them at below-market rates to lure victims. Once the victims brought money for exchange, the suspects would rob them.

Evidence Recovered

Police confiscated several items from the suspects, including 17 grams of a yellow metal resembling gold, four fake gold plates, and a scooter believed to have been used in the crimes. The vehicle’s registration number was recorded for further investigation.

Legal Action Underway

The arrested individuals have been handed over to the Kathmandu District Police Complex for further questioning and legal proceedings. Authorities are investigating whether they are part of a larger organized fraud network operating in the Kathmandu Valley. Police have urged the public to remain cautious of such scams and report any suspicious activities.