Three Arrested in Connection with NPR 125.6 Million Embezzlement at Pokhara's Dhanush Cooperative
Pokhara. Three individuals have been arrested on charges of fraud related to the Dhanush Cooperative in Pokhara. A financial audit revealed that NPR 125.6 million was misappropriated from the cooperative, which has its office in New Bazaar, Pokhara-9.
Kaski Police arrested the cooperative's secretary Biraj Subedi, manager Jagat Paudel, and loan subcommittee member Krishnabahadur Jaisi. According to the financial analyst's report, Secretary Subedi embezzled NPR 22.5 million, and Manager Paudel embezzled NPR 12.5 million.
Similarly, Jaisi is accused of misappropriating NPR 8.2 million by creating artificial accounts while serving on the loan subcommittee. The Provincial Cooperative Registrar's Office submitted the report to the District Police Office on Sunday.
Based on that report, Jaisi was arrested on Monday, while the remaining two were arrested on Tuesday. Thirteen individuals have been named as defendants in the misappropriation of funds from the cooperative.
Registrar Bheshraj Rijal informed that the report was sent to the police after the directors failed to reconcile the accounts. An investigation conducted last Poush revealed irregularities amounting to NPR 191.8 million. After repeated reminders, about NPR 60 million was reconciled, and a case was filed because the remaining amount could not be settled.
The arrested Jaisi is also a victim of the Suryadarshan Cooperative, claiming that about NPR 10 million of his money was stuck there. He gained notoriety when he submitted his child's school bill to the RSP candidate for Kaski-3, Bina Gurung, during the election. It is this same Jaisi who has now been arrested.
He had also accused RSP Chairman Rabi Lamichhane of misappropriating funds from Suryadarshan. Lamichhane was arrested last year based on a complaint filed by victims and was released on a bail of NPR 6.5 million.
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