Kathmandu, July 2: Nepal police have busted a cryptocurrency racket in Kathmandu arresting 52 individuals, including six Chinese citizens, who were allegedly involved in an illegal online scam. The six Chinese nationals, who were allegedly the main culprits in the cryptocurrency and illegal money transaction scam, were identified as Jhang Lun, 29, Chen Jiahao, 27, Lin De, 41, Zu Zheng, 32, Liu Zexuan,30, Xu Linghua, 33, according to Nepal police. Mumbai Fake Currency Racket Busted: 2 Held with 1,740 Counterfeit INR 500 Notes and Printing Setup in Malvani (Watch Video).

The Criminal Investigation Bureau of Nepal police, on the basis of a tip-off, raided two houses, one in Balifal Tole of Lalitpur Metropolitan City and another in Chagal-Tahachal area of Kathmandu Metropolitan City and arrested the six Chinese nationals and 46 Nepalese individuals involved in the crime. They were found to be operating a call centre and a dating app illegally by renting a house in the name of Social Software Developing Company Pvt. Ltd. in Balifal of Lalitpur, police said. Cryptocurrency Investment Fraud: Two Arrested for Duping Several Investors in Odisha and Maharashtra.

They had also rented a house at Chagal-Tahachal area on the outskirts of Kathmandu to operate the illegal money transactions. Police have recovered around Nepalese Rs 1.4 million, nine laptops and 54 mobile phone sets from the accused.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)