Police in Kathmandu have arrested Sunil Kumar Yadav, 28, of Sabaila Municipality-12 in Dhanusha, over alleged illegal cryptocurrency trading worth Rs 2,160,120,821, or more than Rs 2.16 billion. A team from the Kathmandu Valley Crime Investigation Office arrested him in coordination with the Dhanusha District Police Office, according to the Central Police Newsroom. The case was made public on October 30, after police received information about gambling conducted through electronic platforms and online betting applications.
Arrest and alleged cryptocurrency transactions
Yadav was arrested on charges relating to cryptocurrency transactions that police say reached Rs 2,160,120,821. The amount is equivalent to more than Rs 2.16 billion. The reported figure refers to the value of the alleged transactions; the information released about the case does not state that this amount was recovered from Yadav or seized during the arrest.
The arrest involved police units in two districts. The Kathmandu Valley Crime Investigation Office carried out the operation in coordination with the Dhanusha District Police Office, where Yadav is from. The Central Police Newsroom provided information about the arrest, which was made public on October 30. The agencies' coordination connected the Kathmandu Valley investigation team with police in Dhanusha for the operation.
The allegation reported against Yadav concerns illegal cryptocurrency trading. Police have not described the transactions in the information available for this report as a single payment or a one-time exchange. The stated amount is the total value associated with the alleged cryptocurrency activity. The announcement identifies Yadav and gives his age and home municipality, while the central allegation is the scale of the transactions attributed to him.
Investigation followed information about online gambling
The arrest followed information received by police that gambling was being run through various electronic mediums and online betting applications. That information prompted police action and forms the reported context for the investigation. The details do not establish that Yadav personally operated a gambling platform or betting application; the reported charge against him is related to illegal cryptocurrency trading.
Police have not publicly set out, in the information available here, how the alleged cryptocurrency transactions were connected to the gambling activity mentioned in the investigation. The announcement links the arrest to the information about electronic gambling and online betting, but does not describe particular applications, specific bets, transaction dates, or the route through which the cryptocurrency was traded. Those details should not be assumed from the reported value alone.
The case brings together two elements identified in the police account: information about gambling through digital channels and an allegation of cryptocurrency trading worth more than Rs 2.16 billion. The arrest was carried out by the Kathmandu Valley Crime Investigation Office with support from Dhanusha police, and the case was publicly disclosed on October 30. Further information about the investigation, including any additional alleged participants or the next steps in the case, was not included in the details provided about the arrest.
