Two accused of 110 crore fraud of the cooperative to be sent to jail

Shrestedar Raju Dhungana of the district court said that considering the nature of co-operative fraud, it is an offense punishable by more than 3 years in prison, and the order of February 15th has sent the case to the pretrial detention so that it cannot be released on bail. Judge Vidyaraj Paudel's bench sent both of them to trial.

They are accused of embezzling 11 crores, 11 lakhs, 90 thousand 322 rupees from savers. There was also an arrest warrant against Shrestha in the complaint of misappropriation of funds by the director of Parbat's 'You are our Multi-Purpose Cooperative Society'. Last December, he was arrested and released on a bond of 2 lakhs. In that cooperative, his brother Balgopal Shrestha was the president. Shrestha, who was released on bail because he was only seen as the director, was jailed for the co-operative fraud of which he is the chairman. Brother Balgopal is absconding after the arrest warrant was issued on the charge of embezzling 29 crores. The victim said that he has now reached Australia and is hiding.

victim Sakuntalakumari Shrestha was arrested with the complaint. The court issued arrest warrants to 22 people, including Balgopal Shrestha, and Shrestha is absconding.

According to the complaint of Lakshmidevi Sharma, who resides in Jaimini 1 of Baglung and lives in Kushma, Lekhanath Sharma, the president of the Rural Agricultural Development Cooperative, was arrested last December and has been remanded in custody. It has been confirmed that Sharma alone has embezzled 1 crore 95 lakhs of savings and shares. It is mentioned in the study of the cooperative registrar's office that on 16 May 2079, only Sharma took 1 crore 95 lakh rupees for household expenses.

The officers of the cooperative along with Sharma have been jailed after they were accused of misappropriating the shares by opening a fake savings account in the cooperative, misappropriating the reserve fund, and accounting for fake expenses. According to Police Inspector Keshav KC, 11 people from three cooperatives have been arrested so far. 52 operators, including 29 men and 23 women, are absconding.

The investigation team led by Cholakant Wagle, the monitoring and inspection officer of Cooperative Registrar's Office, after the approval on 2nd of Chait last year, found out that there was embezzlement of funds in the 'You Our Cooperative Society' headed by Shrestha. After monitoring the petition of the victim, the study of the cooperative registrar's office, the public prosecutor's office filed a case in the district court. Police inspector Keshav KC said that the savers had filed a complaint against three cooperatives in Parbat for embezzling more than 500 million. It has been seen that the management committee and the software developer have colluded to embezzle the money. Even Paudel was involved in the removal of some records in the

software itself. It has also been found that the chairman and office bearers of the cooperative take their own money . It was found in the monitoring conducted by the cooperative registrar's office that the money was taken personally for household expenses without keeping written evidence. Directors were also found to have invested money without Tamsuk and without collateral. A case of co-operative fraud was filed against them after evidence was found that money had been embezzled by setting up fake loans.

The police inspector KC said that the fugitive accused of the three cooperatives are also being searched for. "The fugitive accused is being searched for, they will be produced in the court as soon as they are arrested," said KC, "There is also a claim of 55 crores against them." The court demanded Rs. Claimed to be . He said that since it is a pro-government criminal case, it is the duty of the police to investigate and submit it to the court.

It is mentioned in the study report conducted by cooperative expert Nirmal Gautam that the directors embezzled not only the savings but also the reserve funds with the connivance of the manager and the software developer. Based on the report, the office of the cooperative lawyer filed a complaint in the court. It is mentioned in the report that technology has also been used in the work of erasing records of criminal work by accounting for fake expenses. It has been seen that organized crime under cooperative fraud has also been committed by those activities. "If it was a common crime, it could have been released on bail," Dhungana said, "because it is of a complex nature, further investigation will be done by keeping it provisionally."

Kashiraj Dahal, chairman of the troubled Cooperative Management Committee, has said that the state should evacuate those who fled after embezzlement of savers' money. He said that the state should bring the fugitives and prosecute them through the extradition treaty. According to Dahal, he suggested that if the local level and the cooperative branch carry out regular monitoring, the savers will not be in trouble.