Banking News – Nepal Police’s Cyber Bureau has arrested four individuals accused of defrauding people by posing as bank representatives and claiming that their KYC details needed to be updated.

Those arrested have been identified as 22-year-old Abhay Tiwari of Devtal Rural Municipality-4, Bara; 22-year-old Jai Kumar Kewat of Ramgram Municipality-16, Nawalparasi (Bardaghat Susta West); 22-year-old Vidya Sagar Kewat of Ramgram Municipality-17; and 27-year-old Kuber Thapa of Birgunj Metropolitan City-3, Parsa.

According to police, the suspects targeted serving and retired employees, contacting them through phone calls and WhatsApp calls and persuading them to share their screens. They allegedly obtained or requested OTP codes and subsequently gained unauthorized access to victims’ bank accounts before transferring money to other accounts.

Technical analysis conducted during the investigation revealed that the suspects were involved in the fraudulent transactions, police said.

The arrested individuals have been remanded for five days by the Kathmandu District Court for investigation under the Electronic Transactions Act, 2063, on charges of unauthorized access and fraud committed through electronic means.