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Govt declares Shiva Shikhar Multipurpose Cooperative and Tulasi Multipurpose Cooperative as problematic

KATHMANDU, Sept 12: The Ministry of Land Management, Cooperatives and Poverty Alleviation has declared two more cooperatives as problematic. ....

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Victims of Oriental Cooperative await justice: Only Rs 30 million out of Rs 17 billion is ready to be paid

KATHMANDU, Sept 4: Even after a decade, the victims of Oriental Cooperative, which is headed by Sudhir Basnet, have not received justice. Although a commission has prepared a report that about Rs 17 billion should be returned to the victims of the cooperative and housing, the victims remain frustrated as they have not received the promised funds. ....

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Depositors lose billions of rupees due to lack of effective regulation of cooperatives

KATHMANDU, June 29: Depositors have lost billions of rupees due to the lack of effective regulation of cooperative institutions by the government. Due to the lack of effective regulation of cooperatives, deposits worth billions of rupees are at risk after several cooperative operators invested recklessly. ....

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