KATHMANDU, Jan 9: Manager and staff of Kanti Bhairav Savings and Credit Cooperative Pvt Ltd at Gokarneshwor municipality-8 have been arrested for embezzling savings of depositors.

Metropolitan Police Circle, Bouddha, arrested Chairperson of the Cooperative, Hari Krishna Shrestha of Gokarneshwor municipality-4, former Chairperson and patron, Prem Shrestha, Treasurer Sher Lal Shrestha and Joint-Manager Rajendra Shrestha. 

All of them have been kept at Gokarna Police Sector under the Circle, said senior Sub-Inspector at the Sector, Rajesh Karki. 

According to police, Manager Ram Das Shrestha, Secretary of Cooperative Board of Directors, members—Anirudra Shrestha and Radheshyam Shrestha — as well as coordinator of the Account Committee, Chandra Prasad Poudel Shrestha have been absconding. Police have issued arrest warrants in their names.

Proprietors of the Cooperative have embezzled Rs 1.21 billion of 7,700 depositors, said chairperson of the taskforce under the Cooperative Victim Struggle Committee, Rajesh Kumar Bista.

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