Kathmandu. The Revenue Investigation Department has filed a case against two crypto dealers. The department has filed a case against Puskar Shrestha and Binita Limbu in the Kathmandu District Court.

They have been found to have done business worth Rs 97.46 million illegally. Defendants, including Shrestha and Limbu, collectively conspired to use mobile apps LXVAT, ADV Cash, QuinVess, Paxfull to engage in fraudulent foreign exchange related to US dollars, including bank statements from various banks, data obtained on confiscated mobiles and call details. The department is of the view that the municipality has committed illegal act of trading dollars online.

Shrestha has transacted 86 lakh 83 thousand from Mega Bank, 251 lakh 76 thousand from Citizens Bank, 182 lakh 49 thousand from NIC Asia Bank and 236 lakh 62 thousand from Rastriya Banijya Bank for a total of 757 lakh 71 thousand.

Similarly, Limbu had 216.98 million transactions from NIC Asia Bank. It is seen that both of them have transacted a total amount of 97.46 million 983 rupees. It is mentioned that Shrestha and Limbu have been working as investors in US dollar exchange and crypto by loading and unloading money through LXVet, ADV Cash, Coinways, Paxful.