Police Raid Suspicious Office of Clothing Trader Shyam Sundar Agarwal in Birendranagar

Surkhet. Police have raided the office of Shyam Sundar Agarwal, a famous clothing trader in Birendranagar. Police raided the office, set up by renting a room about 10 meters north of Birendra Chowk, based on secret information that large banking transactions and gold were illegally kept there. A research team from the Provincial Police Office has now reached there for further investigation, as has a team from the Revenue Office. Birendra Chowk is the main market square of Birendranagar. A branch of a commercial bank is a little north of it. Entering from the alley of the house below that, it is like another quiet secret house. From there, Shyam Sundar used to conduct illegal transactions. 'We have raided, and it is estimated that there is a large amount of gold and cash,' said Kapindra Singh Bohora, information officer at the District Police Office, Surkhet. 'Only after the minutes are prepared will the reality come out.' Police are preparing to make the reality public only after bringing this investigation to a conclusion. According to him, it will take a few more hours to prepare the minutes of gold and money from the raided location. According to sources, police had received information that Shyam Sundar was illegally conducting large banking transactions and keeping gold. Based on that, the police raided when they got the opportunity while he was inside. According to a police officer at the scene, the house that was raided is not his. He had made it like a warehouse there. He has made it like his office by renting it. He, the owner of a clothing store called Balaju Bastralaya near Mangalgadhi Chowk, conducted gold and illegal transactions in the rented house that was raided.

Who is Indian-origin businessman Shyam Sundar?

Shyam Sundar is a clothing trader who suddenly gained fame in Birendranagar after the 70s. He has a clothing store named Balaju Bastralaya near Mangalgadhi Chowk. But under its cover, he has built a large network of illegally exchanging Indian currency and investing gold as collateral at high interest rates. He is known as a wealthy person in Birendranagar recently. According to those who know him closely, his father came from India and started a clothing business in Nepal. 'If a deep investigation is done into his matter, it is suspected that a large network will be found,' says a police officer. There is a discussion that he obtained Nepali citizenship from Nepalgunj in collusion with the Maoists during the transitional period of the People's Movement of 2062/063 and the Maoist conflict. 'However, that matter will come out after the investigation,' said a businessman who knows him. He had been prioritizing illegal financial transactions under the guise of the clothing business. 'The clothing store is just for show, his main job is to lend money by pawning gold illegally and trading Indian currency,' says another local person. According to a person who knows him closely, he was doing this work openly. He claims that if an investigation is conducted, other traders in Birendranagar are also likely to be involved in this network. According to sources, he seems to have started this illegal business by exchanging the Indian currency of Nepalis coming from India during festivals like Dashain Tihar. He used to charge a commission of 3-5% for exchanging Indian currency. Later, targeting the simple villagers and businessmen, he used to charge a monthly interest of 3 to 5% by pawning gold. That person said that since banks adopt cumbersome procedures and provide limited loans, this shop has become like an 'unofficial bank' for those who need money quickly. A police officer said that there is a possibility that 5-7 people from the so-called big families of Birendranagar may also be involved in this illegal business. 'It is also suspected that other so-called big people are also using him as a medium to channel money to hide their black money and earn interest,' the source said.