Kathmandu, Aug. 13 -- In September 2019, the Central Investigation Bureau (CIB) of Nepal Police arrested 11 employees of the then Bank of Kathmandu, now merged with Global IME Bank Limited, including its then chief executive officer, accusing them of extending a loan secured by riverbed land as collateral. The case was decided three years ago. Borrower Surendra Shrestha was convicted, while the bank's CEO and ten other employees were acquitted. The case is now before the Supreme Court.

In another case, the CIB investigated and filed a banking offence case in December 2025 against former Prabhu Bank chair Devi Prakash Bhattchan, former CEO Ashok Sherchan and other employees over transactions between Prabhu Bank and Prabhu Money Transfer, ...