Recent revelations of embezzlement at our iconic heritage sites have shaken the trust in one of the country’s most vital sectors—tourism. In a probe initiated in June and July, a shocking case of fraud involving 37 police officials, 377 tour guides and drivers, and five counter officials has come to light.

The physical number of cooperatives, their members, and the capital share themselves are enough to postulate the importance of the cooperative sector in the national economy. This is a testament to the significant role that cooperatives play in the economic development of the nation. However, the country's cooperative sector is becoming fragile daily, and people are losing their trust in these member-based democratic social entrepreneurship.

KATHMANDU, Feb 7: Police have released three individuals including Arun Kumar Chaudhary who were arrested on the charge of embezzlement of 10 ropani government land belonging to Bansbari Leather and Shoe Factory Limited.

KATHMANDU, May 11: CPN-UML Chairman KP Sharma Oli has said that the Commission for the Investigation of Abuse of Authority is afraid to investigate the financial embezzlement that took place when the former Maoist combatants were kept in cantonments and provided with special allowances from the state coffers.

KATHMANDU, June 21: Three days after the UK-based Kathmandu Animal Treatment (KAT) Center (UK) accused two operators of the Kathmandu-based Kathmandu Animal Treatment (KAT) Center of embezzling a large amount of money meant to be spent for the treatment of street dogs, the KAT Center denied that no such misappropriation had taken place.

KATHMANDU, June 20: Two operators of the local board of Kathmandu Animal Treatment (KAT) Center (UK) have been accused of embezzling large sums of money which was meant for the treatment of street dogs.

KATHMANDU, Jan 8: Parliament's Public Accounts Committee (PAC) on Monday endorsed with some corrections the report of the subcommittee is formed to probe irregularities in the procurement of two wide-body jet aircraft for the national airline.

KATHMANDU, Jan 6: The Commission for Investigation of Abuse of Authority (CIAA) has filed the charge sheet at the Special Court against three government employees including secretary of the then Dummana VDC in Bhojpur district.

KATHMANDU, Jan 3: The Bibeksheel Sajha Party has stated that its serious attention was drawn over the issue of alleged embezzlement in the purchase of the wide-body aircraft for the Nepal Airlines Corporation (NAC).

KATHMANDU, Nov 28: The Public Accounts Committee of the Parliament on Wednesday directed the Public Procurement Monitoring Office (PPMO) to investigate the alleged ‘misuse’ of fund in the procurement of wide body aircraft and submit a report about it within a week.

KATHMANDU, Nov 28: Agricultural Development Multipurpose Co-operative or Krishi Fresh Group, which was caught 'mislabeling' vegetables it bought from a wholesale market in Balkhu as organic vegetables, has accused its sacked employees of embezzlement.

KATHMANDU, April 17: A report published by the Office of the Auditor General (OAG) shows that officials at Sajha Prakashan gobbled up Rs 130.3 million by selling books printed by Janak Education Materials Center (JEMC) in the year 2074 BS (2017/18).

KALIKOT, April 15: The chief of the District Livestock Service Office (DLSO), Kalikot, Dr Brajkishwor Thakur has been accused of embezzling a large sum of money meant for buying livestock and providing agricultural grants to farmers.

SAPTARI, July 10: During Prime Minister Sher Bahadur Deuba Friday's visit to flood hit areas in Saptari district, former Minister for Irrigation, Umesh Yadav complained to him of massive embezzlement in the construction of embankment and demanded investigation into it. In response, the PM pledged to form a parliamentary committee to look into the matter.

GENEVA, Feb 10: Swiss bank Julius Baer says it is facing a claim of 306 million euros ($325 million) for allegedly not preventing the embezzlement of assets from a foreign corporation.