It has been seen that more than 37 crores have been embezzled in the Dingarnagar far-reaching multi-purpose cooperative society in Tilottama municipality-3 Jankinagar. More than 800 million in the cooperative is seen as 'suspicious'.

Without the decision of the board of directors and the recommendation of the credit investment committee, it has been seen that more than 250 million loan amount has been invested in the cooperative by unknown and unsecured people with the connivance of the chairman, secretary and manager of the cooperative. Similarly, the audit report also pointed out that 120 million was embezzled by the chairman, secretary and manager.

The savers locked the office of the cooperative on June 17, demanding an independent investigation and audit after receiving indications that the funds of the cooperative were embezzled and embezzled. After that, an audit committee was formed at the initiative of Dang, the cooperative registration registrar's office, other managing members of the cooperative, and the savers.

In the 28-day audit conducted by the same committee, it has been seen that loans were given to unknown persons without collateral or share members, suspicious amounts other than the original amount of the cooperative were also received in the cooperative, thousands of times the information of the borrower was entered and deleted in the cooperative's software. Similarly, a member of the audit committee said that 250 million of cooperative's loan was embezzled during investment and 120 million was not accounted for.

The report studied by the audit committee was handed over to the board of directors and the audit committee of the organization on Thursday. President Ghanshyam Tiwari and Secretary Ram Bahadur Thapa have been absconding for almost 1 month after misappropriating the funds of the cooperative. 

manager Vasant Parajuli is in police custody. Since there is no president and secretary, the report has been handed over to the investigation management and coordination committee formed by the treasurer of the cooperative, Surendra Bajracharya and the savers. Treasurer Surendra Bajracharya said that the committee has submitted a report of about 500 pages, but it is yet to be studied.

'We have yet to study it, we will submit the report to the Cooperative Registration Registrar's Office and the police,' he said, 'Then we will take their advice and decide whether to make it public.'

co-operative was dealing in milk and milk products on a daily basis. Auditor Yogchandra Bastola said that they have prepared and handed over a report with all the income, expenses, loan investment and other financial details of the cooperative except the dairy business. 

"The report is 403 pages, apart from that, it has reached about 500 pages with schedules related to cooperatives and transactions," he said.

According to the members involved in the audit, it has been seen that crores of money have been invested from the cooperative in personal accounts. The transaction amounting to around 800 million seems suspicious. Although the original amount of the cooperative is around 400 million, it is seen that about 800 million is coming to the account of the cooperative from outside. The member said that the daily savings and loan investment software of the cooperative has been deleted more than 13 thousand times.

It seems that the loan investment software of the cooperative has been deleted 13 thousand 73 times. The time of deletion is more during off hours than during office hours,' he said, 'What is wrong business more than that?' He said that by deleting and entering in the software, it is seen that the president, secretary and manager are collecting and investing funds with wrong intentions.

Loans were shown in the names of people who did not take loans, loans were given to more than 50 people without collateral, it was seen that there was no evaluation file even in the mortgaged accounts. Although an engineer was hired for evaluation and the decision to disburse loans above 10 lakhs only after getting an evaluation by an engineer, it was seen that no engineer's study, evaluation, report and anything was verified in the loan investment.

64 lakhs mortgage assessment and 14 lakhs investment file has been found. It has been seen in the audit that only Thapa, the secretary of the cooperative, has disbursed loans 87 times. During the 14-year period of the cooperative, it has been seen that President Ghanshyam Tiwari and Secretary Thapa used Rs 80 crore illegally.

Loans worth Rs 43 crore have been disbursed without service charges. The member said that loans were shown in the names of people who did not take loans and the loans that were seen at the end of the month were made 'zero' in the first week of the next month, but it was seen during the audit.

"The process has not been completed in any of the loan files, it is said that an engineering assessment will be done in the files above 10 lakhs," said the member, "but there are no documents certified by an engineer, it does not appear that the engineer has ever gone to the cooperative office." Bel Prasad Sharma, who was the adviser of the cooperative and is now leading on behalf of the victimized members, said that it was found in the audit that funds were embezzled by making many documents and setting up fake members.

Co-operative president Tiwari and secretary Thapa ran away after tearing up the co-operative's minutes on 16th June. The police have issued arrest warrants to them from the district court. However, after not being arrested, the savers are becoming angry. Tiwari, who is the chairman of the cooperative, is the regional representative of the Nepali Congress.

He was an aspirant for the ward chairman of Tilottama-3 in the last local elections. Similarly, Secretary Thapa is the former secretary of Nepali Congress Tilottama Municipal Committee. Keshari Pandey, who is co-treasurer in the cooperative, is the chairman of Tilottama-3. There are 2,200 savers in the cooperative. Loans have been given to 1100 people.

The police have been surrounding the house of the president and secretary since Tuesday, saying that they are not interested in arresting them due to the lack of access and power. Since Wednesday, Chairman Tiwari's wife Sharda Tiwari and Thapa's wife Geeta Devi Panth have been detained and kept under police protection at the cooperative's office.