CIB Investigates Karnali Development Bank: Search for Fugitives, Assisting Central Bank

Kathmandu – The Central Investigation Bureau (CIB) has launched an investigation into Karnali Development Bank following allegations of misappropriation and loan fraud exceeding NPR 1 billion. Nepal Rastra Bank (NRB) took over the bank on Poush 10 (December 25) after discovering systematic financial irregularities by its board of directors and management. Growing Scale of Financial…