Financial Crime on the Rise in Nepal’s Capital City

Kathmandu, May 23 - A significant surge in financial crime cases has been reported in Kathmandu Valley, with a staggering total of 5,312 cases related to banking fraud and financial crime registered during the current fiscal year.

Increasing Trend

According to the District Police Range, Kathmandu, out of the 9,256 cases registered in the valley during this period, more than half (54%) are linked to banking fraud and financial crime. This trend is a cause for concern among law enforcement officials and citizens alike.

Types of Crimes Involved

Sitaram Rijal, Superintendent of Police and Spokesperson for the Range, revealed that most cases involve:

• Cheque bounce scams
• Dollar exchange scams
• Lottery scams

Senior Superintendent of Police Dan Bahadur Karki added that approximately 35-40 cases related to banking fraud and financial crime are registered with the Range every day, a stark increase compared to previous periods.

Concerns Raised

The surge in banking fraud and financial crimes has raised concerns among law enforcement officials and citizens alike. With more than half of all cases in Kathmandu Valley linked to these types of crimes, it is clear that something needs to be done to address this growing issue.

Call for Action

It is essential to take immediate action to tackle the rising trend of financial crime in Nepal’s capital city. The authorities must work together with citizens to prevent and investigate these crimes, ensuring justice for those affected and restoring confidence in the financial system.