KATHMANDU

A fraud case has been filed against the directors of the Pancharup savings and credit cooperative in the district court in Kathmandu. The accusation is that around 3.5 crore rupees of the cooperative’s savings have been embezzled. Nine directors of the institution have been charged with fraud.

According to the police, based on the interest given by the savers who saved in the cooperative, it has been claimed that around 3.38 crore rupees have been embezzled by the chairman and nine others.

According to the police, the chairman of the institution, Pushkal Rijal, vice chairman Bhuvan Sapkota, secretary Puran Rawal, treasurer Rakesh Jyakha, and members Dhirendra Baral, Arjun Bastakoti, Kumar Shah, Pushpababu Pandey, and Mangal Bahadur Tamang have been charged with fraud.

So far, only member Dhirendra Baral has been arrested, while the others are said to be unreachable.