The District Police Range, Kathmandu, recorded a significant rise in banking fraud and financial crime cases in the last fiscal year, with officials warning of growing risks in the capital’s financial sector.
According to Range Chief Bishow Adhikari, a total of 12,915 cases related to banking fraud and other financial crimes were registered over the past year - an average of 35 cases per day. The offences included embezzlement of cooperative funds, cybercrime, cheque bounce, and cryptocurrency-related frauds, all of which showed an upward trend.
“The number of financial crimes is increasing, especially in areas involving digital transactions and cooperatives,” Adhikari said, adding that public awareness and stronger regulatory measures are crucial to curb the trend.
In addition to financial crimes, the Range also handled 140 murder cases in the last fiscal year, highlighting the broader challenges faced by law enforcement in maintaining security in the capital.
Police have urged the public to remain cautious, verify financial dealings, and report suspicious activities promptly to help prevent further escalation of such crimes.