In the report of Pokhara cooperative registrar, it has been revealed that the directors of Golden Future cooperative embezzled a large amount of money.
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The Lamjung police have issued arrest warrants against 17 directors of the Sunaulo Bhasiva Savings and Credit Cooperative Society, which has an office in Besinahar of Lamjung. With the permission of the Lamjung District Court, the police have issued an arrest warrant for the current president Rishi Ram Adhikari in the cooperative fraud case.
According to the report of the Cooperative Registrar's Office in Pokhara, the managers of the Golden Future Savings and Loan Cooperative Institution have embezzled 65.4 million rupees from the savers. According to office sources, the co-operative has also invested 2.5 million in loans to Indian citizens. The police issued an arrest warrant based on the documents including the letter with the report, the complaint, and the application of the victim saver.
The police have also issued an arrest warrant against Padam Bahadur Rawat, then manager, chairman and accounting committee officer of the cooperative. He is the Assistant Campus Head of Marsyangdi Multipurpose Campus in Beisanhar. An arrest warrant was issued on July 5 against 17 people including the then Vice President Arunkant Ghimire, the then Secretary Shankar Neupane, the then Treasurer Kishore Kumar Basnet. Similarly, an arrest warrant has also been issued against Vijender Thapa, a member of the Cooperative's Audit Committee. He is the ward president of Sundarbazar Municipality-8.
The police have been arguing that they have not issued an arrest warrant. Lamjung police have not arrested any of the accused even after 15 days have passed after the court gave permission to issue the arrest warrant. Locals have said that the people who have been issued arrest warrants are walking in the Bensi Sahar market every day, but they act as if they are not seen by the police.
District Police Chief DSP Resham Bohra said that those who have been issued arrest warrants will be arrested according to the law. "The case has been registered, it is a matter of cooperation, we want to create an environment where the victims can get money, there is nothing wrong with not arresting them," he said. According to him, after the case of the cooperative goes through the process, it takes time to reach the end. There are issues pointed out by the Cooperative Registrar's Office. If the victim gets savings, the case is pending,' he said. He said that the accused would be arrested soon.
Co-operative Registrar Office has revealed that the Board of Directors of Sunouli Bhavi Savings and Loan Cooperative, which also operates contact offices in Bhoteodar and Chiti, has invested in loans by making fake borrowers. Bhesraj Rizal, head of Cooperative Registrar Office, Pokhara, said that the co-operative has sunk because the officials and members themselves have not paid the loan taken by taking a bad mortgage. According to him, the office had already completed the investigation on 29 October 2081.
office appointed financial analyst Nirmal Gautam and prepared the report. The office submitted a report of co-operative fraud to the district police office on June 19. 17 days later, the police registered a case on July 4 and issued an arrest warrant on July 5. The police had been pretending that the arrest warrant had not been issued. Rishiram Adhikari, president of
cooperative, said that there were problems in the cooperative before he came. 'After I came, I myself gave written information to the office of the cooperative registrar for investigation. Loans have not been invested since I came,' he said. He said that out of Rs 20 lakh to be paid to those who come to ask for the return of savings in the cooperative, only Rs 6 lakh is left and they are in the process of returning it.
Golden Future Savings and Credit Cooperative Society was established in 2069. There are 300 share members and 1,300 savers in this cooperative.
