President Rimal himself has given a statement to the police who purchased two vehicles in his name from Sunrise Cooperative with one crore rupees. The land was passed not only in the name of the officers of the organization but also in the name of the mother-in-law of President Rimal, RPR MP Geeta Basnet.
What you should know
Gita Basnet, who is a proportional member of parliament from the RPP in the House of Representatives, accused in the co-operative fraud case of embezzling 90 million rupees from the savers of Sunrise Savings and Credit Cooperative Society, was released on Thursday after paying a bond of 25 lakh rupees according to the order of the Chitwan District Court.
How did Basnet of Bardia get involved in cooperative fraud in Chitwan? It was an organization run by Nagendra Bahadur Rimal of Bardia, son-in-law of MP Basnet, who came to Chitwan. In which other directors were also from Bardia.
The people of Bardia came to Chitwan and ran the organization by running the central office at Bharatpur Metropolitan City-3 Narayangadh Lions Chowk and three more service centers covering the west side of Bharatpur. This group also ran Namaste Cooperative in Bardiya and later in Kawasoti in Nawalparasi (before Bardghat Susta). Currently, all these three cooperatives are drowned and the savers are in trouble . With this fact, it seems that gangs have started to cheat by opening a cooperative.
What did this group do with interest rates of 6 to 15 percent on savings and 20 percent on loans? Chitwan Police's investigation into the misappropriation of savings of Sunrise Savings and Loan Cooperative Society in Narayangadh Lionschowk has shown that the money of the savers was carelessly spent in the name of the officers of the organization and their relatives . It has been found that land has been bought in the name of wife, mother-in-law, brother-in-law and brother-in-law. The chairman of the organization was found to have bought a car worth crores of rupees from the funds of the cooperative.
The permanent address of Nagendra Bahadur Rimal, chairman of Sunrise Cooperative, is Bardia Gulria Municipality-5 . Yogendra Pandey of Gularia-2 was the secretary, Krishna Prasad Gyawali of Rajapur Municipality-10 of Bardiya was the manager and member and treasurer of Dhundiraj Gautam Cooperative of Gularia-5. In the year 2071, this group started operation of Sunrise Cooperative in Bharatpur . In the year 2073, the same group took charge of the cooperative cooperative in Nawalparasi (before Bardghat Susta) in Kawasoti Municipality-3.
That group opened Namaste Savings and Credit Cooperative Society in Bardia in 2067 with Nagendra Bahadur Rizal as its chairman. Yogendra Pandey, who started working as an employee in that organization in 2071, came to Sunrise as a secretary. Again in 2073, Pandey became its chairman after starting Chhihape Cooperative, while Nagendra Secretary and Krishna Prasad Gyawali and Dhundiraj also remained the directors of Chhihape. Krishnaprasad Gyawali is a person who started working as a market representative at Namaste Cooperative in Bardia.
After Pandey moved to Chhihope, the investigation of the police revealed that the banking transactions were carried out under the signatures of Chairman Rimal as well as Gautam and Gyawali in Sunrise Cooperative . According to the statement given by President Rimal to the police, he and Yogendra Pandey were the owners and registered Krishnasar Resort in the company registrar's office in 2073. A bigha of land was bought in Gulria-7 and a resort building was built. At the same time Rimal and Pandey operated Cosmic Net in Bardia. Sunrise has spent 16 million rupees for these two works.
President Rimal who bought two vehicles in his name with one crore rupees of Sunrise Cooperative has given a statement to the police . Seeing the increase in land transactions in Chitwan in the year 2073, Rimal said that he spent eight million rupees collected by the savers in the cooperative for the purchase of land. The land was not registered again in the name of the cooperative but was passed to the personal names of the president, secretary and treasurer . Not only in the name of the officers of the organization, the land was also passed in the name of President Rimal's mother-in-law Gita Basnet.
Similarly, it seems that land has been passed in the name of Sarita Gautam, the wife of owner Dhundiraj Gautam . President Rimal has made a statement that the revenue will be reduced when the land is passed in the name of women. In his statement, Yogendra Pandey revealed that President Rimal has also passed additional land in the name of his mother-in-law.
'As far as I know, I have heard that Nagendra Bahadur Rimal purchased 15 Dhurs of land in Baseni of Bharatpur from the amount collected in the cooperative in the name of Geeta Basnet, and one piece of land in Gorkhali tol was purchased in the name of Vice President Santoshi KC and passed from KC to Nagendra Bahadur Rimal's brother-in-law's sister-in-law,' said Pandey in his statement to the police. Similarly, he has told the police that he built a house in Gulria with the money of the cooperative and passed that house in the name of his mother-in-law Geeta Basnet.
Similarly, in the statement given by Krishna Prasad Gyawali to the police, it is mentioned that President Rimal opened the Krishnasar Tile Industry in Gulria Bazaar with the money of Sunrise and that the tile industry is currently being operated by Rimal's uncle. According to Gyawali's statement, along with President Rimal, Secretary Pandey also purchased a land with a concrete house in Nawalparasi with the money of savers. He has also admitted that he bought seven acres of land in Chitwan Bhandara.
In August 2066, Sunrise Cooperative, which was registered by the locals, was taken over by Bardia's team. After that they kept the central office in Narayangarh Lionschowk and increased the business . They operated service centers at Vikas Chowk, Parvatipur and Chanauli in Bharatpur. According to the investigation of the police, savings of 26 billion 58 lakh 68 thousand 595 rupees have been collected from 22 thousand 464 savers in the central office and all service centers. More than 25 more rupees have been refunded.
But investigation has revealed that 900 million 67 million 81 thousand 52 rupees could not be returned. The cooperative was operating within Bharatpur Metropolitan City. After the problems in the cooperative, the metropolis formed a study committee last year . In the conclusion of the committee, it is mentioned that more than the actual share capital of the organization, more fake shares have been taken in the name of the director and people close to the director. It is the opinion of the committee that it has been found that transactions have been made with people who are not members of the cooperative.
Likewise, none of the directors of the organization are permanent residents within the organization's jurisdiction, the directors have purchased land in their names as well as in the names of their wives, mothers-in-law and other relatives, and the director of Sunshine Cooperative and MP Geeta Basnet are also directors of Bardia's Krishnasar Resort . The committee has suggested that the directors of cooperatives under the municipality's jurisdiction and the officers of the audit committee should be permanent residents within the jurisdiction of the organization.
Not only to save in the cooperative, but also to invest in share capital, how is the financial condition of the organization after investing and becoming a member of the cooperative, who are the directors and what are they like ? The committee has appealed to the general public to become a member of the cooperative by understanding the managers and other employees. The committee of the metropolis found out that Sunrise Cooperative did not conduct general meeting and audit on time, and did not form an accounting supervision committee. The cooperative has been closed since November 14, 2079. According to the recommendation of the
committee, the cooperative and employment promotion branch of Bharatpur Metropolitan Municipality has given permission to the shareholders to form a committee to return the savings. After the metropolis sent a letter on August 15, the shareholders formed a seven-member committee to return the savings under the chairmanship of Suresh Kumar Shrestha. The committee has been instructed by the metropolis to hold a general meeting and submit the details within 6 months. In the Cooperative Act, there is a provision that at least 15 percent of the members can hold a general meeting within 6 months to take over the assets and proceed with the action for the return of the savings and the formation of the board of directors.
