Asset confiscation, bank account freezing and foreign travel ban if the co-operative fund is not returned
-
Media Baaji
- Sat, 4 July 2026
Kathmandu. To make the cooperative sector more orderly, transparent and accountable, the government has brought forward a new process through the bill. The government passed the Cooperatives First Amendment Bill, 2083 in the House of Representatives and proceeded with the process of reforming the policy issues seen in the cooperative sector. In particular, comprehensive reforms will be made in relation to deposit refund, regulation, registration process and scope of work.
A bill has been introduced to bring the directors and managers involved in misappropriation and embezzlement of cooperative savings funds under the strict legal framework.
The government has also said that by confiscating the property of the guilty operators and speeding up the debt recovery process, the money of the victim savers will be returned.
Express
Related News
In the month of October, the interest rate of commercial banks decreased, which one gives how much?
Kathmandu. According to the interest rate published by the commercial banks for the month of October, it has been seen that the maximum average interest rate of deposits has decreased. In the month of October, the maximum average interest rate for...
The price of eggs increased from today
Kathmandu. Due to decrease in egg production and increase in demand, the price has been increased. Layers Poultry Farmers Association has fixed the new price based on the farm price to be implemented from May 1. According to the new rate, the farm...
Crude oil prices fall on signs of opening of Hormuz, new record in US stock market
Kathmandu. The diplomatic talks between Iran and Oman regarding the resumption of the safe passage of commercial ships through the Strait of Hormuz have indicated that they are progressing in a positive direction.
After the representatives o...
Bhujung Hydropower will issue an IPO to the general public from January 12
Kathmandu. Bhujung Hydropower Limited is going to issue an IPO for the general public from this January 12th. The company has issued and distributed the IPO to local residents affected by the project and Nepalese who have gone abroad for employmen...
Nepal Telecom Billing Corruption Case: Everyone including Managing Director Paudel was acquitted
Kathmandu. The special court has acquitted all the defendants in the corruption case filed alleging irregularities in the billing system contract process of Nepal Telecom. The bench of judges of the special court held a hearing and acquitted all t...
What is the exchange rate of which foreign currency on Sunday?
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for Sunday. According to the fixed exchange rate, the buying rate of one US dollar is 144 rupees 37 paisa and the selling rate is 144 rupee...