Kathmandu. Victims of Siddhartha Bank’s MoneyGram Lumbini branch have demanded investigation into the issue of loan amounting to millions of rupees in the name of a blacklisted company using forged documents and using them to evade action from the Nepal Rastra Bank. The victims made this demand while organizing a press conference in the capital Kathmandu on Monday. <\/p>\n
One of the victims, Dilip Oli, demanded investigation against the high-level officials of the Moneygram Lumbini branch of the bank for approving the loan he did not ask for, issuing loans worth millions of rupees in the name of a blacklisted company by preparing forged documents. According to him, he had only tried to avail LC (Letter of Credit) facility through Pushpanjali and Private Limited, but later the same process was converted into a short term loan and a loan of Rs 7.5 crore was approved. <\/p>\n
He claimed that he had only asked for a letter of credit equivalent to Rs 50 lakh. He alleged that Rs 170 million loan was issued in the name of the blacklisted company, out of which there was no collateral and director, and Rs 3.5 crore was disbursed to non-citizens on the basis of forged signatures and forged documents. He expressed anger saying that the bank was trying to extort money by using him as per a pre-planned plan to avoid action by the NRB. He claimed that 10 other people like him were also victims of the same kind of fraudulent loan case, adding that such an act was not possible only from any one branch. <\/p>\n
He said, “The first company we did business in was Pushpanjali and Private Limited. We did not ask for any loan while doing business in that company. We had started an LC program. But later on, they got the same LC approved by them by taking a short term loan. Our demand was only five million rupees. But they have scammed the already blacklisted company by making seven and a half crores. The land of the scam company is not even worth Rs 50 lakh. They had given a loan of Rs 17 crore. Now we have come to know that in order to avoid the action of the Rastra Bank, we have been used in a pre-planned and planned manner to cover up this incident. The blacklisted company has a loan of Rs 17 crore. In one of them, there is no collateral, there is no director, a loan of Rs 35 million has been issued to non-citizens by preparing fake documents and getting the signature of a third person. I was weaponized to avoid action by the Rastra Bank in such a scam. I finally came to know about it. Now my question is, how was the loan given to the blacklisted company? Not only the loan was given, but the amount was withdrawn from the account of the same company at 12 o’clock in the night. The money has been withdrawn using forged signatures and issuing cheques themselves as well as using fake fingerprints. They did not know that you are a new customer of Siddhartha Bank, but there is a risk of deactivation of the account in the next day and they also took some blank cheques saying that they will open it. Some of the cheques were issued by themselves and issued by counterfeiting them. Some of the cheques are sent to the accounts of companies we don’t know and people who don’t know. And then the money has been misused by taking it to the same blacklisted company. Do they do fraudulent work, and pay for it from us? Like me, ten others have also been cheated in the fraud of loan flow under the same title. Only one branch at the district level cannot do this. This work has been done in collaboration with the head office and CEO of Siddhartha Bank. \u2019<\/p>\n
He also expressed suspicion that the head office of Siddhartha Bank, Chief Executive Officer (CEO) and other high-level officials were also involved in the fraud case. <\/p>\n
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Kathmandu. Victims of Siddhartha Bank’s MoneyGram Lumbini branch have demanded investigation into the issue of loan amounting to millions of rupees in the name of a blacklisted company using forged documents and using them to evade action from the Nepal Rastra Bank. The victims made this demand while organizing a press conference in the capital […]<\/p>\n","protected":false},"author":1,"featured_media":29121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[90,123,126,129,147,150],"tags":[],"class_list":["post-32335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-en","category-banking-update-en","category-banking-news-en","category-special-en","category-news-en","category-sifaris-en"],"acf":[],"jetpack_featured_media_url":"https:\/\/english.bankingsansar.com\/wp-content\/uploads\/2026\/05\/siddhartha-capital.jpg","publishedDateNp":"\u0968\u0969 \u0905\u0938\u093e\u0930 \u0968\u0966\u096e\u0969, \u092e\u0902\u0917\u0932\u0935\u093e\u0930 \u0967\u0969:\u0966\u096f","_links":{"self":[{"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/posts\/32335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/comments?post=32335"}],"version-history":[{"count":1,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/posts\/32335\/revisions"}],"predecessor-version":[{"id":32336,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/posts\/32335\/revisions\/32336"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/media\/29121"}],"wp:attachment":[{"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/media?parent=32335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/categories?post=32335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.bankingsansar.com\/bs_api\/wp\/v2\/tags?post=32335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}