Agricultural Development Bank Limited - Over Rs 15 million stolen - Hungama Khabar

Over Rs 15 million stolen from Agricultural Development Bank Limited


Just weeks after the country’s biggest ATM heist by Chinese nationals, more than Rs 15 million has been stolen from the Agricultural Development Bank Limited (ADBL).

It has been reported that a group of people illegally accessed the bank’s system and transferred funds.


Incident was caused by misuse of the password

The spokesman of ADBL‘s main office in Kathmandu, Him Lal Paudel, claimed that the incident was caused by misuse of the password and was not a case of hacking.

Deputy General Manager of Agricultural Development Bank Limited, Dirgha Aryal says that Rs 47.3 million was stolen from the bank’s Lahan branch.

He said, “This is the bank‘s interest charged to the debtors.”

The central office of the Agricultural Development Bank Limited in Kathmandu suspended all the employees of the bank and sent a four-member team from the central office to carry out the operation.

Meanwhile, the police in Kathmandu revealed the names of the arrested during a press meeting in Kathmandu this afternoon. The mastermind of the crime has been identified as Peter or Kale, who currently lives in India.


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‘Hackers’ steal Rs 15.6 million from ADBL; staff’s involvement suspected

On Tuesday, Rs 15.6 crore was stolen from a branch of Agricultural Development Bank Limited in Lahan in the Siraha district. Investigators say a gang of hackers hacked the banking system and took out the money.

Nepal Rastra Bank spokesperson Laxmi Prapanna Niraula says that the modalities used in this case were unusual. Swift hacking and ATM hacking were heard in Nepal recently. However, this was neither the case of fast hacking nor ATM hacking.

Meanwhile, investigators suspect the bank‘s involvement of its employees in the crime. Police arrested 11 people from various places in the country and some of them were described as employees of the bank.

The police, though officially refusing to speak anything citing being in the initial stage of the investigation.

The central bank of  Agricultural Development Bank Limited has also supported the suspicion. “Computer use has been used in the case in the bank. An NRB official says that only those informed about the bank‘s system can do so.



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