Tulasi Cooperative Scam: Directors Accused of Embezzling Rs 1.45 Billion
Summary
Tulasi Multipurpose Cooperative in Biratnagar is accused of embezzling Rs 1.45 billion, with former chairman Kedar Nath Sharma implicated in misappropriation of cooperative funds and sentenced to prison.
Key Points
- Tulasi Multipurpose Cooperative in Biratnagar has been declared problematic for embezzling Rs 1.45 billion from depositors.
- Former chairman Kedar Nath Sharma is accused of disbursing over Rs 44 crore to companies owned by himself and relatives.
- Sharma has been sentenced to six years in prison and fined a total of over Rs 70 crore by Morang District Court.
- Current cooperative chairman Rudra Adhikari urges government action to confiscate hidden assets to recover depositors' money.
