September 5: Forensic experts from Singapore’s Verizon Company will start investigating the recent ATM hackings by a group of Chinese nationals in Nepal from today (September 5).

Two experts from the company who arrived in Nepal on Wednesday will carry out the detailed study about how the theft took place, which bank faced losses and who had to bear the losses, according to Prabin Chhetri, CEO of Nepal Electronic Payment System (NePS).

According to NePS, this company conducts study of electronic payments through cards.

“It is a company approved by Singapore’s PCI Council. This organization is involved in studying such cases so we invited them,” said Chhetri.

“The forensic experts will begin their investigation from Thursday,” he added.

Chhetri further said that they will conclude the investigation between three to 10 days.

Nepal Rastra Bank had sent a letter to NePS to conduct forensic tests of the hackings done by the Chinese on Saturday night. The central bank had said it would make further comments only after receiving the report of the forensic tests.

Issuing a statement on Wednesday, NePS said that the customers can now use VISA cards only at the ATM booth of the bank which issued the card.