Cooperative Victims in Nepal Rally Against Home Minister, Demanding Action on Fraud

Pokhara, Nepal - Hundreds of cooperative savers took to the streets of Pokhara on Monday in a massive pressure rally, demanding action against those involved in cooperative fraud. The rally, organized by the Kaski Cooperative Sufferers' Struggle Committee, began at the District Police Office Gaihrapatan and ended at the District Administration Office Sahidchowk.

Victims raised slogans alleging political protection for the perpetrators of cooperative fraud and called on the Home Minister to take action. The Home Minister had previously promised compensation for the victims from the state treasury. The rally attracted savers from six cooperatives in Kaski that are currently facing lawsuits, as well as savers from other troubled cooperatives in the region.

According to the coordinator of the Struggle Committee, numerous cooperatives in Kaski are in trouble. The committee has announced plans for further protest programs if their demands are not met. "There are many cooperatives in trouble, and we will continue our protest until action is taken against those responsible for the fraud," the coordinator stated.

Why this matters: The cooperative fraud scandal in Nepal has affected thousands of savers, many of whom have lost their life savings. The government's response and handling of this issue will have significant implications for the financial security and trust of citizens in the cooperative system.

The rally in Pokhara highlights the growing frustration and anger among cooperative victims who are seeking justice and compensation for their losses. As the pressure mounts on the government to take decisive action, the outcome of this case will be closely watched by the public and could have far-reaching consequences for the cooperative sector in Nepal.

Key Takeaways

• Hundreds of cooperative savers in Pokhara, Nepal, protested fraud in cooperatives.
• Victims demand action against perpetrators and compensation from the government.
• Numerous cooperatives in Kaski are in trouble, affecting thousands of savers.
• The government's response will impact financial security and trust in the cooperative system.
• The outcome of this case will have far-reaching consequences for Nepal's cooperative sector.