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.
Related News
The 'Property Investigation Commission' started work, the assets of high-ranking officials are under government surveillance
Kathmandu. The 'Property Investigation Commission', formed by the government with the main objective of ending corruption and impunity, has formally started its work. The five-member commission formed under the chairmanship of former Supreme Court...
This week, NEPSE has decreased by normal numbers, how much is the transaction on which day?
Kathmandu. This week, NEPSE index decreased by 0.56 points and reached 2714.05 points. NEPSE, which closed at 2714.61 points last week, decreased by 73.18 points to 2714.05 points this week. The market was open for five trading days this week. In...
The stock market increased by 10 points, turnover of 4 billion 45 million
Kathmandu. On Wednesday, the stock market increased by 10.30 points. With the increase of that number, the market index NEPSE has remained at 2648.90 points. The previous day, NEPSE increased by 21 points. The transaction amount has generally incr...