Police have taken seven people, including the chairman of the cooperative's board of directors, Surendra Bahadur Godar, into custody today on charges of embezzling savings from the Kaski-based Pokhara Savings and Credit Cooperative Limited.

Chairman Godar, Secretary Dil Bahadur KC, Treasurer Hiramani Dahal, Member Dorje Tamang, Manager Bhishma Prasad Gurung, Market Chief Bedi Prasad Subedi, and former Secretary and current Member Indra Prasad Duwa were arrested, said Haribahadar Basnet, Information Officer of the District Police Office and Deputy Superintendent of Police. 

He said that they were arrested based on the investigation report on the embezzlement of the cooperative's funds provided by the Provincial Cooperative Registrar's Office. According to him, according to a study conducted by a committee of financial analyst Nirmal Gautam, it has been found that about Rs 890 million has been embezzled from the cooperative. 

The report has pointed out that the savings of the cooperative were misappropriated in connivance with the office bearers, managers, and employees of the organization. The police have extended the time limit of the arrested persons from the court and started an investigation.