NIMB Taulihawa Kapilvastu Branch Fraud: Employee Arrested for NPR 16.5 Million Embezzlement

31st March 2026, Kathmandu

In a major breach of internal security, an employee of the Nepal Investment Mega Bank (NIMB) Taulihawa Kapilvastu branch has been arrested for allegedly siphoning off NPR 16.5 million (1.65 Crore) from customer accounts.

NIMB Taulihawa Kapilvastu Branch Fraud

The District Police Office, Kapilvastu, identified the suspect as 28-year-old Rishav Karki, an employee at the branch who reportedly exploited his administrative access to manipulate the bank’s digital banking infrastructure. The arrest, made on March 25, 2026 (Chaitra 11), has sent shockwaves through the local community and raised serious questions regarding internal banking protocols.

Inside the NIMB Taulihawa Kapilvastu Branch Scandal

According to the preliminary investigation, the fraud was not a simple external hack but a calculated “inside job” at the NIMB Taulihawa branch. Karki allegedly utilized his insider knowledge to bypass security measures in a three-step process:

Unauthorized System Access: Karki used his credentials to enter the bank’s internal portal and change the registered mobile numbers of multiple high-balance customers.

SMS Alert Suppression: To prevent detection, he specifically disabled the SMS transaction alert system for these accounts. This ensured that customers remained in the dark while their life savings were being moved.

Digital Fund Transfer: By linking the accounts to his own mobile device, he used Mobile Banking and ConnectIPS to transfer the funds into external accounts under his control.

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Legal Action and Judicial Remand

Following his apprehension in Mayadevi Rural Municipality-1, the Kapilvastu Police registered a case against Karki under the Banking Offense and Punishment Act.

The High Court Tulsipur, Butwal Bench, has granted a seven-day remand to allow investigators to dive deeper into the case. Police are currently working to recover the stolen NPR 1.65 Crore and are investigating whether Karki had any accomplices within or outside the NIMB Taulihawa Kapilvastu branch.

Critical Advisory for NIMB Customers

This incident at the NIMB Taulihawa branch serves as a stark reminder for all banking customers in Nepal. The police have issued the following security recommendations:

Audit Your Profile: Visit your branch or log in to your official app to verify that your registered mobile number and email address are correct.

Manual Statement Checks: Do not rely exclusively on SMS alerts. Regularly download and review your bank statements for any unauthorized entries.

Prompt Reporting: If you notice a sudden stop in transaction alerts or find any discrepancies in your balance, contact the bank’s grievance department and the police immediately.

For more: NIMB Taulihawa Kapilvastu Branch Fraud