Indian arrested in Nepal with banned currency notes
Kathmandu, Dec 22 (IANS) Nepal Police on Thursday arrested an Indian national in possession of banned currency notes worth Rs 363,500 from the Tribhuvan International Airport in Kathmandu.
Thupten Gelek (44) had 210 notes of Rs 1,000 denomination and 307 notes of Rs 500 denomination.
Police detained Gelek while he was about to leave for New Delhi from Kathmandu on an Indigo Airlines flight (6E032).
The notes were detected hidden inside a suitcase during security check.
Gelek was taken into custody for further investigation about how he had collected the money and for what purposes he was taking it to India.
Nepalis are holding billions-worth of banned Indian currency notes in and outside the banking channels.
The Reserve Bank of India has not given a nod to Nepal’s central bank to exchange these banned notes.
Indian Prime Minister Narendra Modi on November 8 had announced the demonetisation of Rs 1,000 and Rs 500 notes.