You are here: Home » News-ANI » International » World
Business Standard

Nepal police arrests 5 Chinese nationals for hacking ATMs

Business Finance


Nepal police on Sunday arrested five Chinese nationals from Durbar Marg for allegedly being involved in the ATM card forgery.

The hackers were arrested for stealing millions of rupees from the bank accounts of subscribers by forging their ATM cards.

The ATMs of the majority of the banks in Kathmandu, especially those belonging to the 'A' class citizens, had turned temporarily dysfunctional earlier in the day along with disruptions inter-bank ATM transactions.

The Central Bank of Nepal, also known as the "Nepal Rastra Bank", has called for an emergency meeting of all banks across the city today.

The halt in the transaction from the ATM's is being suspected as a result of hacking by the Chinese nationals.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, September 01 2019. 15:29 IST