Police have seized Rs. 251.9 million worth of foreign currency from a container in Tokha, Kathmandu. The large sum, found on Monday night, has raised serious questions about its source and purpose. Authorities suspect it may be linked to illegal gold smuggling.
Massive Currency Stash Found in Truck
The foreign cash, including US dollars, euros, and Chinese yuan, was hidden inside a truck with a false bottom. Police believe it was meant for gold smuggling but are still investigating.
The truck’s driver, Kusang Lama, was arrested. Lama, from Bhotekoshi Rural Municipality-1, Sindhupalchok, has a criminal past. He was jailed five years ago for smuggling seven kilograms of gold and was released from Nakkhu Prison in December 2021.
How Police Made the Bust
Authorities found the cash in a truck (Na 7 Kha 1652) parked at a garage in Swayambhu for nearly 20 days. The vehicle had been repainted and modified with a hidden compartment.
Lama claimed he was transporting the truck from Thankot to Rasuwagadhi to pick up clothing for traders. Although the truck was registered under his mother’s name, he said his brother had bought it for him.
“We are investigating where this money came from and whether it was smuggled from India,” a police official said. Authorities suspect Indian traders involved in illegal gold deals may be behind it.
Possible Gold Smuggling Connection
Senior Superintendent of Police (SSP) Ramesh Basnet, Chief of the Crime Investigation Office, Teku, confirmed that the investigation is ongoing.
“We are checking if this money came from India or if it was earned from illegal gold sales. There is still much to uncover,” SSP Basnet stated.
The operation followed a tip-off, leading police to search multiple vehicles. Officers grew suspicious when Lama appeared nervous and refused to answer questions. A closer inspection of the truck revealed the hidden money in a secret compartment.
Legal Action Underway
Police have handed over Lama and the seized money to the Department of Revenue Investigation. He will face charges under Nepal’s Foreign Exchange Act.
Authorities are now investigating Lama’s financial background, possible associates, and any links to a broader smuggling network.
