Fake notes transaction in the Valley on a rise, millions seized in two years

KATHMANDU: The issue of fake Indian currency racket flourishing in Nepal drew public attention until a few years back. Now that it is thriving as Nepali themselves are involved in such business as they have been using machines print fake Nepali bills.

Last week, the police in Kathmandu nabbed Narayan Paudel of Syangja with a device to print fake currency and some bundles of fake notes from Shantinagar in Kathmandu.