The Saptakoshi Development Bank has called on media outlets to provide accurate and balanced coverage of the suspected bank fraud.


Saptakoshi Development Bank has released a statement expressing its dissatisfaction with recent media reports concerning an alleged bank fraud at the bank’s headquarters in Tokyo.

This is the second time that the bank has stated that a proper investigation into the possible misappropriation of funds parked in its parking account of its remittance service is still ongoing, and the bank has expressed its commitment to punitive action against everyone involved in this case.

Nonetheless, the bank has requested that outlets refrain from publishing false information about the matter, which is still under investigation, in order to avoid tarnishing the image of the development bank, which has 35 branches in seven districts of province I, according to a press release from the institution.



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