Kathmandu, Jun 5 (PTI) As many as seven persons, including five Indian nationals, have been arrested for their alleged involvement in running illegal 'hundi' transactions for evading tax in the Nepalese capital, police said today.

Issuing a press statement, the police's metropolitan crime division said all the suspects were arrested yesterday from Kathmandu.

The arrested were identified as Rahul Ray Agrawal (29) of Thapathali, Raj Kumar Shrestha (31) of Sindhupalchok district, Shiva Kumar Santyang (52) and Jagadish Rana Sariya (52) both hailing from Rajasthan, Arun Sabarthiya (46) of Mumbai, and Rabindra Chokani (38) and Raj Kumar Siganchi (38) both from New Delhi.

'Hundi' is a financial instrument for use in trade and credit transactions.

Acting on a tip-off, a police team deployed raided various places in New Road in the capital city and recovered Rs 5.145 million in cash, various bank cheques worth Rs 30.56 million, mobile phones, laptops along with other documents, said the police.

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