. Two big cooperatives in Dharan have drowned. The two cooperatives drowned after the directors of Baraha and Shreya Savings and Credit Cooperatives embezzled around Rs 12 billion and could not settle the amount. 

It has been revealed that Rs 11 billion has been embezzled in Baraha Savings and Credit Cooperative and more than Rs 1 billion in Shreya Savings and Credit Cooperative. 

The Dharan Sub-Metropolitan City has been looking after the files of both the cooperatives which are currently closed.The sub-metropolis had declared the Baraha cooperative as problematic on September 7, 2082. 

Dharan had declared the Shreya Savings and Credit Cooperative, which had been closed for the past six years, as problematic in 2081 BS.However, the Dharan Sub-Metropolitan City has appealed to the central government after it failed to resolve the problem even after declaring it problematic. 

Writing a letter to the Ministry of Land Management, Agriculture and Cooperatives, Dharan Sub-Metropolitan City has urged the government to include both ministries in the list of problematic cooperatives and seek justice to the victims and take action against the perpetrators.Dharan has urged the central government to take further action, saying the efforts made at the local level were not enough and the situation has now reached beyond the capacity and control of the municipality.

Both the co-operative chairpersons are currently absconding.Shreya Cooperative’s Chairman Lok Bahadur Limbu Cooperatives has fled abroad after getting into trouble while Bishwa Kumar Bishwakarma, chairman of Baraha Group, is also absconding. He is also suspected to have gone abroad .