Police to Present Report of ATM Hacking within 2 weeks

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Police to Present Report of ATM Hacking within 2 weeks

October 23: The Metropolitan Police Range, Teku is preparing to submit a report of the August 31 ATM hacking to the District Attorney’s Office within two weeks.

SSP Hobindra Bogati of the police range informed New Business Age that the investigation into the case involving six Chinese nationals and three Nepalis has reached the final stage.

“We are preparing to submit a report to the District Attorney’s Office within the next two weeks,” said Bogati, adding, “Then we will submit the report to the Patan High Court.”

The police range has already filed a case against the arrested on the charge of banking offence.

A group of Chinese nationals had withdrawn more than Rs 17.6 million from ATM is the capital some months ago by hacking the ATMs. The gang was busted on August 31. On the same day, hackers used VISA card to withdraw money of Nepali banks from ATMs in India, according to the information provided by VISA.

Police investigation has found that the hackers withdrew around Rs 11.4 million from Nabil Bank alone. It was found that the hackers bypassed the Nepal Electronic Payment System (NEPS) to steal the money. Following the incident, Nepal Rastra Bank had directed NEPS to adopt alternative measures to secure their system.

CEO of NEPS Prabin Chhetri said that a forensic report of the investigations carried out by a Singaporean company was supposed to be presented by late November. But the report is likely to be delayed, according to Chhetri.

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