Kathmandu: Nepal police has busted a fake Indian currency racket, arresting three people, including two Pakistani nationals, and seized counterfeit money of over Rs 29 lakh in face value.
Muhammod Naee Mullah, 47, Sohail Mohamad Ismail, 40, both Pakistani nationals and Rehmat Basir Dhobi, 48, a resident of Bara district in southern Nepal, were arrested from a hotel here along with fake Indian currency notes with a face value of Rs 29.5 lakh.
The currencies were of Rs 500 and 1,000 denominations, said Jaya Bahadur Chand, chief of Kathmandu Metropolitan Police Circle.
They were arrested from Hotel Classic at New Road last evening, Senior Superintendent of Police Chand said.
The fake currency notes were brought to Kathmandu from Karachi by the two Pakistani nationals on the same day, the police official said.
The bank notes were recovered from a room rented by the three in the hotel, the senior police official said.
The fake currency was being trafficked to India through land route, he said.
The police has made public the three culprits through a press conference this afternoon.