Samriddha Nepal Krishi Sahakari Accused of Embezzling Millions, Depositors Demand Refunds
Summary
Hundreds of depositors are demanding refunds after Samriddha Nepal Krishi Sahakari Sanstha Limited’s Belbari service center shut down and allegedly failed to return millions of rupees. Local authorities and police have been drawn into the dispute as the cooperative promises installment-based repayments amid growing anger and mistrust.
Key Points
- More than 165 depositors from Belbari and nearby areas say over Rs 1.57 crore is stuck in Samriddha Nepal Krishi Sahakari Sanstha Limited’s Belbari service center.
- The branch closed suddenly on April 8, 2025, after an earlier police-supervised agreement to reopen and begin repayments was not honored.
- Depositers filed a joint complaint against several cooperative officials, prompting the Morang District Administration Office to order police to present the accused for discussion.
- The cooperative says it is trying to repay depositors in installments, but many victims doubt the plan because loan recovery has been weak and funds remain tight.
