Lamichhane guilty of cooperatives funds misuse, forgery: Probe
He can be booked for cooperative fraud under Cooperative Act, fraud and duping under National Penal Code, organised crime under Organised Crime Prevention Act and money laundering under Prevention of Money Laundering Act, lawyer says.
KATHMANDU, FEBRUARY 26: With more cooperatives being declared problematic due to financial debacle, the Department of Cooperatives (DoC) and Nepal Rastra Bank (NRB) have collaborated to inspect especially large-scale cooperatives online. According to media reports, there are three monitoring teams formed under the coordination of the Department’s Deputy-Registrar, Tola Raj Upadhyaya, for the very purpose. […]
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KATHMANDU, JANUARY 30: The Chandragiri Municipality in Kathmandu has launched training and orientation for the cooperatives for their capacity building. In the wake of the waning status of cooperatives, the municipality has decided to empower them legally. There are nearly 140 cooperatives in this municipality. For knowledge creation and sharing, it has prepared digital training […]
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KATHMANDU, NOVEMBER 26: The government has decided to disallow the registration, service expansion, and establishment of service centers for cooperatives. The Ministry of Land Management, Cooperatives and Poverty Alleviation (MoLMCPA) lately urged authorities concerned to implement the decision taken by the cabinet to suspend the registration, service expansion, and permission of service centers related to […]
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Kathmandu metropolitan city has asked the police to take legal action against 68 cooperatives for misappropriation of savers' funds.
The post Kathmandu metropolitan city asks police to take action against 68 cooperatives appeared first on OnlineKhabar English News.
KATHMANDU, May 9: The government has formed a task force for the improvement of cooperatives. Government spokesperson Rekha Sharma informed that the task force was formed in the Cabinet meeting held on Tuesday.
Similarly, the meeting has promoted the Joint Secretary of the Nepal
In 2019, Ram Kumari Shrestha, who operates a business in Bajbajar, got around Rs 1 million after her family sold their ancestral land. Wanting to make the most of it, she decided to use the money to buy land in the outskirts of the city. She was planning to take a loan to manage the […]
The post Many cooperatives in Nepal into fraud thanks to nominal monitoring appeared first on OnlineKhabar English News.
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