Cooperative fraud Nepal

Protest draws attention to the plight suffered by victims of cooperative fraud

The Federation of Cooperative Savings Protection National Campaign organized a rally in response to the death of 72-year-old Rajendra Sthapit, a victim of cooperative fraud. Sthapit, who suffered a brain hemorrhage, passed away on Saturday morning after allegedly being denied necessary medical treatment due to the inability to pay a sum of five lakh rupees. […]

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Police raid former DIG’s house in connection to Suryadarshan Cooperative case

The police raided the house of former DIG of Nepal Police, Chabilal Joshi, at Shankhamul on Wednesday evening. The premises, which also housed the office of Nature Hub International Pvt. Ltd., yielded evidence pertaining to an ongoing investigation into financial irregularities. According to police sources, materials related to Suryadarshan Sahakari, based in Pokhara, including software

Police raid former DIG’s house in connection to Suryadarshan Cooperative case Read Post »

Mayor accused of embezzling billions of rupees yet to be arrested

Dev Kumar Nepali, the Mayor of Dhorpatan Municipality, is yet to be arrested for allegedly embezzling around Rs 2.25 billion from depositors in the Image Savings and Credit Cooperative. Despite an issued arrest warrant, Nepali remains elusive, prompting accusations of political and police protection. Nepali, who is the founder chairman of the cooperative, is charged

Mayor accused of embezzling billions of rupees yet to be arrested Read Post »

Cooperative victims and government sign MoU after months of protest

The government and cooperative victims have signed a seven-point Memorandum of Understanding (MoU). According to the MoU, the depositors of the cooperative organizations have suspended their sit-in protest, which was taking place in Maitighar Mandala on Thursday. A discussion was held at Singha Durbar on Thursday involving the Minister for Land, Cooperative, and Poverty Alleviation,

Cooperative victims and government sign MoU after months of protest Read Post »

Aawaaj News & Research is an independent news portal from Nepal reporting exclusively on social and political issues in a bid to raise awareness, inspire action, and bring about change on the same.

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