Four Officials of Gorkha Saving and Credit Arrested Over Multi-Billion Rupee Embezzlement
Kathmandu. Police have arrested four individuals, including the chairman of Gorkha Saving and Credit, which operates in Lalitpur. SP Manohar Bhatta of the Valley Crime Investigation Office confirmed to RatoPati that Chairman Imansingh Rai and three others associated with the Talchhikhel-based cooperative have been taken into custody.
Those arrested include the cooperative's two CEOs, Lal Bahadur Chhetri and Abin Kumar Rai, as well as audit committee member Karna Bahadur Rai.
SP Bhatta stated that they were arrested from various locations in the valley on Chait 18 and transferred to the District Police Range, Lalitpur, for further investigation. Lalitpur police have secured a four-day remand to conduct their inquiry.
The accused are charged with embezzling 4 billion 560 million 68 thousand rupees from depositors. The cooperative serves 10,598 depositors.
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