Nepal Bank’s former Branch Manager Koirala is found Guilty of Hacking the Bank’s System and Transferring Funds to his Own Account

Kathmandu : Bhupraj Koirala, former manager of Nepal Bank’s Dillibazar branch, has been found guilty of embezzling the bank’s funds. The special court bench of Khushi Prasad Tharu, Ram Bahadur Thapa and Muraribabu Shrestha convicted Koirala for his guilt of hacking the bank’s system.

In the year 2019 A.D, Koirala was arrested by the team of the Central Bureau of Investigation on the charge of taking undue advantage by creating a liability that did not belong to the bank. Koirala was accused of hacking the bank system and depositing the interest that should be deposited in the bank in his personal account.

On 12th December, 2023 A.D, Koirala was ordered to pay a fine of 5 million 484 thousand Rupees and the same amount to be provided to Nepal Bank Limited as compensation. The Commission for the Investigation of Abuse of Authority (CIAA) had filed a case against Koirala in the special court on 5th of July 2020 A.D. The commission alleged that he had misused the teller ID and system super user to deposit funds into his own account.