ICT Frame | Tech News, Reviews & Digital Updates from Nepal
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Started 1 week ago · Updated 1 week ago

Nepal Investment Mega Bank Employee Remanded to Jail for Embezzlement

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An employee of Nepal Investment Mega Bank Limited, Rishav Karki, has been sent to judicial custody after failing to post a 5 million rupee bail set by the Tulsipur High Court. Karki is accused of embezzling customer funds through unauthorized electronic transfers and manipulating mobile banking profiles at the bank's Taulihawa branch.

  • The Butwal bench of the Tulsipur High Court ordered Karki to pay NPR 5 million in cash bail.
  • Karki allegedly disabled SMS alerts and electronic notifications on customer accounts to conceal the fraudulent transfers.
  • The case highlights vulnerabilities in digital banking networks and potential internal security breaches.
  • The investigation revealed the suspect used insider knowledge of administrative frameworks and digital banking networks.

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