KATHMANDU:- The Kathmandu district court has remanded businessperson Amit Shrestha in custody for carrying out transactions worth more than Rs 480 million through cryptocurrencies. Trading cryptocurrencies is illegal by laws in Nepal.
A single bench of Justice Narayan Prasad Sharma on Tuesday ordered to this effect. A case has been filed against Shrestha claiming a recovery of the amounts equivalent to over Rs 480 million misappropriated by the accused.
On 13 July, a team from the Crime Investigation Office in Kathmandu arrested Shrestha in the case. During the investigation, Shrestha was also found involving in illegal hundi.
According to the claim made by the police, up to three times fines in the amounts misappropriated, and seven years of imprisonment was sought against Shrestha as per Clause 95 (1) (2) of the Nepal Rastra Bank Act, 2058.
Comment here !
KATHMANDU:- Legal action is to be taken against 115 food industries producing and selling inedible foodstuffs for infraction of the
KATHMANDU:- A total of 36 persons including foreigners have been held from the Capital City for illegally operating a call
KASKI:- Cash amounting to Rs 1.5 million was stolen by breaking an ATM machine of NMB Bank at Arghochowk in
KATHMANDU:- The Nepal Police have arrested a person for broadcasting obscene material on YouTube channel. The Cyber Bureau of Nepal