How terrible cooperative fraud is in Nepal is evident from the statistics of the arrest of the accused involved in it. The police have arrested 669 people in almost a decade, while 1,540 people are absconding. Most of those arrested and absconding in embezzlement are people with political connections. However, all those arrested are in jail pending trial.

The latest person to be arrested in co-operative savings embezzlement is Ravi Lamichhane, then Managing Director of Gorkha Media Network, who is also the former Home Minister. Suryadarshan of Pokhara, Supreme of Butwal, Sahara of Chitwan and Swarnalakshmi Sahakari of Kathmandu were embezzled by bringing them to Gorkha Media of which GB Rai is the president and Lamichhane is the managing director. Chairman of Gorkha Media Rai is absconding while the owner Kumar Ramtel is in Kaski Jail pending remand. Similarly, the company's then director and former DIG Chabilal Joshi has been in the custody of the Kaski police for a month. 

Joshi was arrested 26 days after the police arrested Lamichhane on Friday. The court has ordered to keep Lamichhane in custody for 6 days. Kumar Ramtel, the owner of Pokhara's Suryadarshan Cooperative and the owner of Gorkha Media Pvt. Ltd., is now in Kaski jail. He also paid the installment of the loan in the name of Lamichhane by withdrawing funds from the Supreme Cooperative of Butwal. "Ravi Lamichhane, who I know and who took a loan from the cooperative, is the former Home Minister, I do not know any other Ravi Lamichhane apart from him," he said in his statement to the parliamentary committee. After Lamichhane left the Gorkha media to join politics, he joined Ramtel as the director of the company. 

The president of Supreme Cooperative, Omprakash Gurung, who was arrested for misappropriation of savings, is currently in Bhairahawa jail. The cooperative investigation committee brought him to Kathmandu from prison and took his statement. "GB Rai, who took money from Supreme Cooperative to Gorkha Media, is also the director of the same cooperative and Ravi Lamichhane is the then Managing Director of Gorkha Media Network and former Home Minister," he also said in the statement. 1 billion 3.59 million has been embezzled from Supreme alone.

Roshni Gurung, the cashier of Supreme Savings and Loan Cooperative, who was sent to the bank to send money to Lamichhane's account, was also arrested by the police. Ruppandehi District Court has released him on a bond of 2 lakhs, he is prosecuting the case. 

Kaski police also arrested Leela Pachai on October 13 on the charge of Suryadarshan Cooperative Savings Fraud. According to the study report prepared by the Pokhara Metropolitan Municipality, it was found that a loan of three million rupees was transferred in her name, who joined the cooperative as a market representative 8 years ago. However, like Lamichhane, no process has been completed when the money is taken, no security has been attached to the loan, no tamsuk has been done. However, from the savings of the cooperative, it has been found that one house in Talchok, Pokhara and another house in Khumaltar, Lalitpur, and shares in various companies were purchased in his name. When I was a market representative in Pachai Cooperative, the salary was only eight thousand rupees. 

The mayor of Baglung's Dhorpatan Municipality, Dev Kumar Nepali, who was arrested three weeks ago on the charge of co-operative fraud, has been sent to prison for pre-trial detention. Elected mayor twice from UML, he was on the run since May 080 after sinking the savings of email cooperative. In January 2008, at the request of the Nepal Police, Interpol issued a 'Red Notice' against the Nepalese. Indian police arrested him from New Delhi at the request of Nepal police.

By opening Image Cooperative in Baglung and Pokhara, his group embezzled more than one and a half billion of money from more than 1,500 savers is pending in the Baglung District Court. On 080 June 25 against 11 people including Nepalese, the Public Prosecutor's Office Baglung filed a case in the district court. 

There are examples like Swarnalakshmi in Kathmandu, Suryadarshan in Pokhara, Sahara in Chitwan, Supreme in Butwal and Sano Paila Sahakari in Birgunj, Chhiharpe in Nawalparasi, Sunrise in Chitwan and Namaste Cooperative in Bardia. Later, the savings of Chhihopay, Sunrise and Namaste Sahakari were illegally taken to Krishnasar Resort in Bardia and embezzled. However, the police who investigated have filed a case against the resort's owner and RP MP Geeta Basnet along with the cooperative operators. She has been absconding for five months after the arrest warrant was issued. 

RPPA MP Basnet and RPPA Chairman Lamichhane have the same issue. Basnet claims that he is not a member or saver of the cooperative and has not filled the loan application form. The police did not find that he submitted the documents to be completed while taking the loan. However, an arrest warrant was issued against him on 14 Baisakh, when Lamichhane was the Home Minister. The court issued an arrest warrant because the cooperative's money was taken to a resort owned by Basnet and spent. 

Basnet is absconding, while the owner of the cooperative, Nagendra Prasad Rimal, who is also her son-in-law, is in Chitwan jail pending trial. The Parliamentary Special Committee investigating Cooperative Savings Misappropriation took a statement from Rimal to Kathmandu. He has also given a statement that his mother-in-law is not affiliated to the cooperative. 

'Gita Devi Basnet is my mother-in-law. He is not a share member and saver of all the three cooperative societies to which I belong. There is no loan investment in his name, Rimal said, "I, Geetadevi Basnet and Yogendra Pandey have been operating the Krishnasar Resort Pvt. Ltd. registered by Sanjeev Kumar Mahato to operate in Gulria, Bardia, in which Geetadevi Basnet is the president." 

A case has been filed against Basnet for embezzlement by investing in the savings company of the cooperative despite not being a member, saver or director of the cooperative. It is illegal to invest cooperative funds in any company. Based on that, an arrest warrant has been issued by the district court against MP Basnet, who is the president of the resort. 

While searching for the account of embezzlement of 165 million 58 lakhs of 2 thousand 300 savers in Nawalparasi, it was discovered that 96 lakhs was invested in the resort of Bardia, where Basnet operates. Similarly, Chitwan's Sunrise Cooperative has invested around 90 million in the name of Rimal, Dhundiraj Gautam and Krishna Gyawali in the resort. In the same way, 2.5 million was withdrawn from Namaste Cooperative in Bardia in the name of Sanjeev Kumar Mahato and invested in the resort.

Ex-MP Ichcharaj Tamang, who ran not only the cooperative but also the Civil Bank, is in Dillibazar jail. Tamang, who is also a former member of the UML, embezzled about 8 billion savings of the civil cooperative, he was also found guilty of money laundering and is serving the sentence set by the court. 

Himalayavikram Malla Thakuri, chairman of the once famous Kantipur Savings and Credit Cooperative (cooperative organization) in Kathmandu and Chandra Bahadur (CB) Lama, the owner, are now in Dillibazar Jail. About 8 billion rupees have been embezzled in the cooperative led by CB, who is the Congress candidate from Kavre in the 2070 election. Lama Pashupati is also involved in misappropriation of cooperative savings. 

Rashtriya Sahakari Bank and Ideal Yamuna Our Multipurpose Cooperative Society President Krishna Bahadur (KB) Upreti is in Dillibazar Jail. He was in the Central Cooperative Department of UML. 6 billion 268.5 million savings of savers have been embezzled from the organization led by him.

Raman Paudel Kaski, president of Pokhara-based Mitramilan Savings and Credit Cooperative Society, is in jail on charges of misappropriating the cooperative's savings. 180 crores of savers have been misused by this cooperative. Ajay Shrestha, the president of Pokhara's Sacrifice Savings and Credit Cooperative Society and Lalitpur's Siddhidata Multi-Purpose Cooperative Society, is also in Kaski Jail on charges of misappropriating cooperative savings.

Pokhara's Prime Cooperative President Shankar Karki and Chief Executive Officer (CEO) Surendramani Paudel have been sent to Kaski Jail on charges of embezzlement. 597.2 million of savers have been embezzled from this cooperative.

Nunam Subba, president of Citizen Development Cooperative, is in Nakkhu Jail in Lalitpur. Kedarnath Sharma, president of Tulsi Multipurpose Cooperative Society and Geeta Sharma, owner of Shivsikhar Cooperative Society, are in Jagannath Dewal Central Jail. 9 billion 58 crore 74 lakhs of the savers of Shivsikhar and 1 billion 43 crore 54 lakhs of the savers of Tulsi cooperative society have been embezzled.

Tejvikram Thapa, president of Bhaktapur's Agricultural Development Cooperative, is in Nakhkhu Jail. 2 billion 78 crore 75 lakh savings have been embezzled from this cooperative. Leela Bahadur (LB) Gurung, president of Kalyan Upkar Sahakari, and Rabindra Chaulagai, president of Deurali Multi-Purpose Cooperative, are also in Nakhkhu Jail on charges of misappropriation of the co-operative's savings. Dal Bahadur Ale, chairman of Arjan Savings and Credit Cooperative Society, is in the Central Jail.

GB Rai of Suryadarshan Cooperative, Sagar KC of Supreme, Bharat Maharjan of Sumeru and his family, Gyan Bahadur Bamjan of Suryadarshan Cooperative are believed to be out of the country, who are accused of misappropriating the funds of the cooperative.

The report of the Parliamentary Inquiry Special Committee has analyzed the amount of co-operative fraud, the ongoing cases and the judgments. According to this, the police arrested 669 people based on 258 complaints filed by 24 thousand 224 victims. Meanwhile, 1,540 are absconding. 111 cases have been registered after the police investigated and submitted a report on these complaints. 1 thousand 391 people have been accused in this case.