Kathmandu. Some time ago, three big cases of "banking fraud" were revealed in the Nepali bank and financial sector. Civil Group Chairman Ichcharaj Tamang's allegations of misappropriation of funds of civil cooperatives, loan investment in Kumari Bank's fake documents and Sindhu Bikas Bank's vault money invested in meter interest brought a kind of wave in the banking sector.

The character, trend and nature of these three events are different. CIB arrested Tamang on October 18 last year on the charge that Tamang, who was also the chairman of Civil Bank at the time, had embezzled money from the savers of Civil Cooperative. The Central Investigation Bureau (CIB) of Nepal Police conducted an investigation on Tamang, who was accused of embezzling money from savers, and sent the details to the Public Prosecutor's Office. CIB's investigation has shown that Tamang embezzled 5 billion 63 crore 26 lakh rupees from the cooperative. Now Tamang is in prison.

Another scary incident of banking fraud seen in the banking sector is the case of 19 million rupees loan of Kumari Bank which was given on the basis of fake documents. Singer Yogeshwar Amatya's loan of Rs 19 crore by making fake documents for his land shocked not only Kumari Bank but also other banks and financial institutions.

The CIB conducted an investigation saying that Anujmani Timilsina, the then Acting Chief Executive Officer of Kumari Bank, was also involved in the case. Kumari Bank later succeeded in recovering the loan, but Timilsina of the bank was forced to leave the bank. Although the internal affairs of the bank have not come out, many people still have a different view of Kumari Bank.

Similarly, another alarming phenomenon seen in the banking sector is taking money out of the bank's vault and investing it in metered interest. Suman Kharel, manager of the Dolalghat branch of Sindhu Bikas Bank, Kavre, invested the money in the bank's vault in metered interest for personal purposes.

During the police investigation, it was found that 5 people including Kharel were using the money kept in the bank vault for metered interest. The characters are different in these events. The trend and nature of the event is also different. For example, in these three incidents, it indicates that from an employee of the bank to the CEO and the president will be involved.

Not only these three incidents, a few months ago Mahalakshmi Bikas Bank faked the borrower's gold deposited in the bank as collateral, and the image of the banks was also questioned.

These incidents, which have come out as one after the other in the form of 'banking fraud', have definitely raised some questions. Questions have been raised about the psychology and intentions of employees working in the Nepali bank and financial sector, the 'internal control system' of the banking sector and the regulation, working style, skills and role of the regulator.

Former Chairman of Development Bank Association and Chief Executive Officer of Garima Bikas Bank, Govind Dhakal, says that the role of employees and CEO is very important in the good and bad work of the bank. According to him, all the work done by the bank is done by the CEO, that is why the role of the CEO in the good and bad work done by the bank remains directly and indirectly.