Money laundering case of cooperatives: 2 jailed

Money laundering case of cooperatives: 2 jailed

Kathmandu, January 12

Two persons have been jailed for embezzling more than Rs 50 million from Deukhuri Savings and Loan Cooperative of Dang.

Kiran Bhandari and Rukmangat Gyawali, officials of the cooperative, have been jailed for
embezzlement.

On Sunday, the Dang District Court had sought Rs 5 million bail from Bhandari and Gyawali. Court Information Officer Rajendra Kumar Sharma said that they were sent to jail for trial after failing to post bail.

Bhandari was elected as the ward chairman of the then Lalmatiya VDC-8 by the UML. Similarly, he was the Rapti village in-charge and district member of the party when he was the then CPN (Maoist). Similarly, Gyawali is an organized member of UML and Rapti village municipality ward no. 2 are active members.

The Mahaprabhu Cooperative Society of Savik and three other cooperatives have been merged and are now operating in the name of Deukhuri Savings and Loan Cooperative Society Limited. Both Bhandari and Gyawali are former chairpersons of Mahaprabhu Savings and Loan Cooperatives.

Former treasurer of the cooperative Ram Krishna Poudel has been released on Rs 2.5 million bail in the case. The Dang District Court had earlier ordered to jail four employees for embezzling money from the cooperative.

 

By Karuna Thapa

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *