Kaviraj Katuwal Arrested for Running Illegal Money lending Operation in Lalitpur
34-year-old Kaviraj Katuwal, originally from Sindhupalchok but living in Sukedhara, is in Lalitpur police custody. He was arrested from Hetauda on Bhadra 3 for running an illegal moneylending (meter byaj) business. Police say he gave Rs 1.4 crore loan in 2080 to a young businessman but later forced him to repay Rs 4.86 crore. Even after repayment, Katuwal seized the victim’s Creta car (Ba 20 Cha 520) from Labim Mall and forced him to sign a cheque of Rs 5.5 lakh. The victim claims Katuwal took Rs 60 lakh in cash at Dhobighat and forced him to deposit more money into multiple bank accounts of his relatives and associates. Deposits made include: • Everest Bank (Katuwal) – Rs 1.13 crore • Kumari Bank (Katuwal) – Rs 58 lakh • Garima Development Bank (Pashupati Katuwal) – Rs 18.3 lakh • Everest Bank (Pashupati Katuwal) – Rs 14.5 lakh • Siddhartha Bank (Manju Bhandari) – Rs 14.25 lakh • Siddhartha Bank (Salina Katuwal) – Rs 14.5 lakh • Everest Bank (Salina Katuwal) – Rs 13.6 lakh • Siddhartha Bank (Bhimraj Giri) – Rs 72.8 lakh • Siddhartha Bank (Shivmaya Giri) – Rs 5.5 lakh • Siddhartha Bank (Sharad Pratap Singh) – Rs 3.2 lakh • Everest Bank (Vikram Singh Gurung) – Rs 15 lakh • Everest Bank (Tilkaram Rai) – Rs 8.6 lakh The victim says a total of Rs 4.86 crore was repaid between 2023–2025, but Katuwal still demanded more money. Police have taken a 5-day custody order and are investigating under unlawful financial transaction.
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