Based on the study report of the Kathmandu Metropolitan City, the district police complex started the investigation and arrested Jangam and Dahal from the electricity market on Sunday.
Sai Swagat Cooperative's former president Bharatmani Jangam and former treasurer Luman Dahal have been arrested on charges of embezzling money from savers. Nikita Poudel, the wife of Ravi Lamichhane, the chairman of RSVP, was the vice-chairman while she was an official in Jangam and Dahal cooperatives.
The district police complex, which started an investigation based on the study report of the Kathmandu Metropolitan City, arrested Jangam and Dahal from the electricity market on Sunday. On December 18, the metropolis had sent a letter to the District Police Complex Kathmandu to conduct further investigation against all the operators of the time. Superintendent of Police (SP) and Spokesman Navraj Adhikari said that Jangam and Dahal were arrested for investigation on the charges of misappropriation of savers' funds while they were officials in the cooperative. "On Sunday, an investigation has been started against them with a 5-day deadline from the court," he said. Jangam President, Paudel Vice President, Shankar Upadhyay Dahal Secretary and Luman Dahal Treasurer were elected in
cooperative from the General Assembly held on 28th December 2075. At that time the members were Purushottam Adhikari, Rajnish Acharya and Nisha KC.
The audit committee coordinator was Ramhari Adhikari, Janak Gautam and Kedar Bahadur Dahal were members.
Known as an anti-corruption activist, Jangam once hosted a program on News 24 television. On the same television, he gave a statement to Kathmandu Metropolis that he helped to get the cooperative's loan after becoming friends with Lamichhane. While Paudel was the vice president, she took a loan of 50 million from the cooperative without any collateral. The savers filed a complaint in the metropolis saying that the cooperative was in crisis due to the disbursement of loans in the same trend. In the complaint, the depositor demanded about Rs 1 crore 9 lakh. It is mentioned in the investigation report of the metropolis that serious errors and fraud were found in the cooperative organization.
According to records in the metropolitan office, the ad-hoc board of directors formed during the organization's registration had chairman Arjan Shrestha, vice-chairman Jageshwar Yadav, secretary Santosh Kishore Lab and treasurer Amarlal Shrestha. Saroj Shrestha, Manoj Devkota and Mrigendra Rajbhandari were members of the committee. The initial general assembly held on January 16, 2016 elected the same working committee. The annual general meeting held on October 27, 1969 and January 25, 1972 also continued the same working committee.
074 The general meeting on 22nd December elected a new board of directors, which included chairman Nokhraj Pokharel, vice chairman Luman Dahal, secretary Shekhar Upadhyay Dahal and treasurer Yogita Pun. Saroj Lamichhane, Rajnish Acharya and Lisa Poudel were members of the committee. The general meeting elected Ramhari Adhikari as the coordinator of the audit committee, Kedar Bahadur Rawal and Shaili Thapa as members of the audit committee. In a letter received from the cooperative organization on June 10, 2010, Nikita Poudel has resigned from the position of vice president, according to the metropolis.
It has been found that Nimkumari Chantel, who was not a member of the cooperative, was made the president after the business went bad. This topic is also controversial. In the letter sent to the police, the metropolis mentioned with priority that Chantel was made the chairman of the Jangam-led working committee to avoid embezzlement of the organization's funds.
'078 On July 28, the then secretary and manager of the organization Shankar Upadhyay Dahal, Accounts Committee Coordinator Ramhari Adhikari and member Janak Gautam and President Bharatmani Jangam made an agreement to relieve the then president of the organization on November 12, 079 Nimkumari Chantel, who was not a member of the organization, was appointed as the chairman of the board of directors. It is seen that it has been made,' the letter said, 'Nisha Khadka, a person who is absent and not a member of the General Assembly, appoints other officers including vice president. It seems that the board of directors at that time acted in such a way as to escape from the responsibility of returning the savers' savings. At that time, most of the people appointed to the committee are not even in contact with the organization.'
A single woman living in Jorpati and raising three children is not a member of Chantel Cooperative and a borrower. She came to know about the existence of the organization only after the co-operative was dragged into the investigation of misappropriation of crores of savings. It has been seen from the preliminary investigation of the metropolis that Fakaer Chantel has been appointed as the chairman saying that he will be paid 15,000 per month for the purpose of escaping the planner. According to the metropolis, about a month and a half ago, there was information that a new board of directors of the cooperative was formed under the chairmanship of Jangam. "But despite repeated requests, the details of the new working committee were not provided," said an official of the metropolis.
It has been found that Sai Swagat Cooperative has done business with non-members, and has done business outside the scope of work. According to savers, SAI Swagat Cooperative is in crisis due to the tendency of officials to take loans themselves, do unsecured transactions and spend money on their own.
