The co-operative registrar of Pokhara has written to the police with an investigation report to file a case against 153 people involved in the embezzlement of more than 180 crores.
What you should know
More than 180 crores of money has been embezzled with the connivance of the manager and director of the Baisali Agricultural Co-operative Society in Kushma municipality of Parbat.
The Office of Cooperative Registrar, Pokhara, has written to the mountain police to file a case against 153 people, including the directors and managers of the organization, for embezzling a total of Rs.
manager Kumari Purja has collected daily and monthly funds from the locals who are not even share members of the cooperative and has given loans to them. Collecting savings from non-members and giving loans is against the Cooperative Act.
It has been pointed out in the investigation report that Manager Kumari Purja was the main planner of the money embezzlement. It has been found that funds have been embezzled by the agreement of the board of directors and the manager of the organization.
It has been found that the funds of the cooperative have been withdrawn by making fake borrowers, such funds have been embezzled by directly investing in investment and business. Manager Kumari Purja has been found to have invested loans without informing the board of directors. It is mentioned in the investigation report that the
manager himself has embezzled more than one crore. She has invested money in the dhukuti she played herself by lending money to the cooperative. It is mentioned in the investigation report that 5 women were embezzled by giving loans of more than 8 crores.
Pokhara head of cooperative registrar's office, Bhesraj Rizal, informed that he has sent a letter to the police with an investigation report to file a case against 153 people involved in the cooperative scam.
Rizal told that this is the first time that so many people have been recommended to be prosecuted at one time in the case of cooperative disorder in Nepal. The Cooperative Registrar's Office, Pokhara, conducted this investigation at the end of last June.
Financial analyst Nirmal Gautam has submitted a report on this co-operative embezzlement after sending a letter to the board of directors to decide and investigate. According to the report, the manager Kumari Purja Pun (Magar), current president Ganesh Pun Magar, former president Gum Bahadur Pun, local women involved in the business, Latifa Begum, Zarina Khatun, Saijun Mia, Kamala Kumari Pun Magar, Sarifa Khatun Mia, Hiramaya Pun, Ram Bahadur Pun, Durga Bahadur Pun Magar and Narayan Sharma Paudel are the main culprits in embezzling the money of the cooperative.
Contrary to the principle of cooperatives, there are no share members and savings have been collected and loans (debts) have been invested to such members. It is mentioned in the investigation report that they are the main culprits involved in misappropriating the funds of the cooperative.
In the report submitted to the police last week, there was correspondence with the report that 153 people involved in the embezzlement of common saver's money should be prosecuted and arrested and recovered.
District Police DSP Robin Bisht said on the telephone that the report investigated by the Divisional Cooperative Office Pokhara has been received at the police office and has been registered. The investigation has just begun. He said that if all the information is given now, people involved in financial irregularities may remain absconding and after a few days, they will inform about the investigation report. There are 426 savers in this cooperative.
