Man Arrested for Illegal Hawala Transactions Exceeding NPR 2.41 Billion Sent to Jail Pending Trial

Birgunj. A man arrested in Birgunj for allegedly conducting illegal hawala transactions exceeding 2.41 billion Nepali Rupees has been sent to jail pending trial by the Parsa District Court.

Prashant Kumar Gupta, a resident of Birgunj Metropolitan City-1, was arrested on the 17th of Poush. Initially, he was apprehended with 50,000 Rupees. Subsequently, the police initiated an investigation into his various bank accounts.

According to the District Police Office, Parsa, the investigation revealed transactions totaling 2 billion 41 crore 78 lakh 23 thousand 3 hundred Rupees across Gupta's various bank accounts. Parsa Police Chief Sudeep Raj Pathak stated that while Gupta was initially arrested with a small amount, a detailed study of his accounts uncovered the fact that a large volume of financial transactions had taken place.

Police investigation revealed that Gupta was bringing Nepali Rupees into Nepal via hawala from Raxaul, India, depositing them into various bank accounts, and then transferring the funds through the accounts of other individuals to conceal illegal assets.

Since the transactions appeared to be high-volume through the banking system, the police filed a case against Gupta related to organized hawala transactions and money laundering, claiming damages exceeding 2.41 billion Rupees. Following a hearing on the same case, the Parsa District Court ordered him to be held in custody pending trial. Parsa Police also stated that over 33 lakh Rupees held in Gupta's accounts have been confiscated.