Nepal Investment Mega Bank Employee Sent to Jail Over Massive Banking Fraud Case
▸ Part of: Nepal Investment Mega Bank Employee Remanded to Jail for Embezzlement
An employee of Nepal Investment Mega Bank Limited, Rishav Karki, has been remanded to judicial custody for allegedly embezzling NPR 16.5 million through unauthorized electronic fund transfers. The Butwal bench of the Tulsipur High Court ordered Karki to pay NPR 5 million in bail, which he failed to do, leading to his imprisonment. The investigation revealed Karki manipulated client accounts and used the Connect IPS platform to siphon funds. This incident has raised concerns about internal monitoring systems in Nepali banks.
Read full article (4 min read) ›
