KATHMANDU: The number of troubled cooperatives has doubled in the last three months.
The number of savings and credit cooperatives that are considered crisis ridden reached 148, by the end of February. Back in early December, there were 71 such troubled institutions when a high level committee to inquire into problematic savings and credit cooperatives was formed.
So far, the victims have lodged 16,859 complaints of financial misappropriation against the cooperatives. Among the total complaints lodged, the commission has processed 9,348 claims worth Rs 5.8 billion.
The commission chaired by Gauri Bahadur KC had formally started working in the first week of December. The commission has so far summoned chairpersons of 65 cooperatives. But only 17 have appeared at its office, including Sudhir Basnet of Oriental Cooperatives and Rajendra Shakya of Guna Multipurpose Cooperatives.
Two weeks back, the commission wrote to the Police Headquarters requesting it to round up chairpersons of 48 financial cooperatives that had failed to report to the commission. Following this, seven cooperatives sent their representatives to the commission’s office.
Source: The Himalayan Times, 28th Feb 2014
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The number of savings and credit cooperatives that are considered crisis ridden reached 148, by the end of February. Back in early December, there were 71 such troubled institutions when a high level committee to inquire into problematic savings and credit cooperatives was formed.
So far, the victims have lodged 16,859 complaints of financial misappropriation against the cooperatives. Among the total complaints lodged, the commission has processed 9,348 claims worth Rs 5.8 billion.
The commission chaired by Gauri Bahadur KC had formally started working in the first week of December. The commission has so far summoned chairpersons of 65 cooperatives. But only 17 have appeared at its office, including Sudhir Basnet of Oriental Cooperatives and Rajendra Shakya of Guna Multipurpose Cooperatives.
Two weeks back, the commission wrote to the Police Headquarters requesting it to round up chairpersons of 48 financial cooperatives that had failed to report to the commission. Following this, seven cooperatives sent their representatives to the commission’s office.
Source: The Himalayan Times, 28th Feb 2014
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Latest Cinema Experience - Dine while you watch movie
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