KATHMANDU, Jan 5: Police have arrested a man for his alleged involvement in stealing Rs 10 million from various financial institutions in Nepal including state-run Agricultural Development Bank by using credential hacking.
The arrestee has been identified as Deepak Nepal, 43, of Morang's Rangeli municipality-2. He had been on the run after stealing from Lahan branch of state-run ADB and Panas Remittance in New Baneswor by using credential hacking in September 2019.
A team of police from the Metropolitan Police Crime Division (MPCD), Kathmandu arrested Mr. Nepal on Friday and sent him to Kathmandu District Court for further investigation, according to MPCD.
Mr. Nepal, who had been staying in Nepal and India, had mobilized some agents in Nepal to steal money from the financial institutions by using credential hacking. He had been staying with some Nigerian and Indian nationals in Mumbai, as per the police investigations.
"The Nepal-led gang had plans to steal more than USD 50 million from Nepali banks," the MPCD stated in the statement.