KATHMANDU: Two Indian youth have been recently arrested in the Kathmandu Valley for allegedly stealing money from bank accounts of many people, forging debit cards and hacking their PINs, Nepal Police said.

Iqtedar Khan (23) from Chandigarh and Niranjan Mehta (33) from Delhi of India were arrested from the capital's tourist hub, Thamel, on January 12.

The Nepal Police's Central Investigation Bureau busted the suspects after examining CCTV footage from multiple ATM booths in the Kathmandu Valley.

The CIB had swung into action after receiving around a dozen complaints from the public that they lost balance from their bank accounts though they did not withdrawn any money.

The police investigators, then, had contacted various banks to collect and study CCTV footage from their ATM booths.

Investigations revealed that they withdrew around Rs 600,000 from around 20 ATMs in the past one month.

Police seized an Oppo mobile phone, an iPhone6, Rs 8,000 cash, an ATM card issued in the name of Dikshit Rawal and Khan's passport (Number: L2968436) among other materials from their possession.

If convicted, the suspects would face a jail sentence up to five years and a fine equal to the amount they defrauded, police informed.

Meanwhile, police appealed to members of the public to stay alert against such frauds and report the cases to police if they find themselves being cheated.