Kathmandu. The absconding defendants in the banking fraud and fraud case have been arrested. The arrested has been identified as Birbal Tamang.
He has been charged with 9 counts of banking fraud and one count of fraud.
Banking offenses are illegal acts committed in violation of the prevailing laws in transactions related to banks and financial institutions. Banking offences in Nepal are mainly controlled by the Banking Offences and Punishment Act, 2064. Banking offences include issuing cheques, withdrawing money from someone else’s account when there is not enough money, availing banking facilities using forged documents, fraud or fraud in banking transactions, and misuse of bank loans.
If proved, such offences can be punished with fine, imprisonment or both, depending on the nature of the offence. The same case was filed against Birbal Tamang.
According to the information provided by the police, Birbal Tamang is currently in the custody of the police. See the information given by the police:
