We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:
This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.
Devkumar Nepali, founder president of Image Savings and Credit Cooperative Organization, has been remanded in custody by the district court on charges of co-operative fraud.
After the custodial debate on Tuesday, the bench of Judge Rameshkant Adhikari has sent Nepali for preliminary investigation.
On Tuesday, senior advocate Keshavraj Parajuli and advocate Ram Sharma argued on behalf of Nepali. Advocate Ramesh Bahadur Khadka, Sarita KC and Government Advocate Poorna Prasad Sharma argued on behalf of Zaherwala. Om Prasad Darji, another accused in the same case, has been released on a bail of 150,000. Darzi is Nepali's brother . But he is not a board member and employee of the cooperative.
After embezzling 1 billion 54 crore rupees from the cooperative, Nepali was on the run since May 4, 2080. A red corner notice was issued against Nepali last January. The Nepali was arrested and brought to Nepal last Friday from New Delhi, India. After bringing him to Baglung on Sunday night, the police brought him to the District Court Baglung on Monday morning. After the statement on Monday, there was a closed debate on the issue of Nepali on Tuesday. The court order came only at 6 pm.
1 thousand 543 savers filed a complaint against Nepali on the charge of defrauding their savings. District Public Prosecutor's Office Baglung filed a cooperative fraud case against 10 people including Nepali on 31 June 2080 based on the complaint of victims including Tara Bahadur Kunwar. The order of 4th of July had sent the director and the staff to prison for pre-trial detention.
The directors of the cooperative, Chitra Bahadur Bhandari, Narmati Budha, Shakti Kisan, Dor Bahadur Periyar and Anita Budhamgar have been arrested in this case. They have been remanded in custody by the order of District Court Baglung dated 4th July 2080. Bhandari, Budha and Kisan went to jail in July, while Pariyar and Budhamgar were arrested in the first week of August 2081 based on the same order and are in jail pending trial.
2080 Nepali was missing since May 4 after the cooperative was closed due to lack of liquidity. 1 thousand 543 savers filed a complaint against him alleging fraud. Based on the same complaint, the public prosecutor's office filed a case on charges of fraud of 1.54 billion rupees. Nepali is also the head of Dhorpatan Municipality. He won two elections on behalf of UML and became the leader. In the complaint, due to the offenses mentioned in 'd', 'e', 'f', 'c', 'j' and 't' of section 122 of the Cooperative Act 2074, to get compensation equal to the amount embezzled according to subsection 1 of section 124 of the said act. Jail sentence has also been demanded in the fraud case.
Apart from that, according to the study of the cooperative registrar's office, in the case filed by the public prosecutor's office, 7 thousand 94 from Baglung, 2 thousand 661 from Pokhara and 1 thousand 774 from Galkot, 11 thousand 529 non-share members were shown the lure of attractive interest to the non-share members in the cooperative. There is also an allegation of taking money from members.
In violation of Section 32(2) of the Cooperative Act 2074, 87 lakh 50 thousand rupees were embezzled by showing liability to an artificial person, 650 crores was said to be an artificial loan by keeping the amount in an artificial savings account, embezzlement by showing the balance sheet amount only on paper, etc. Done .
