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Arrested for embezzlement of Rs 1.49 billion from Kumari Multipurpose Cooperative

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Myagdi. Police have arrested one more person on charges of embezzlement of Rs 1.49 billion from Kumari Multipurpose Cooperative Organization operating in Beni.

Lokesh Pun Magar of Beni Municipality-4 was arrested and remanded in custody by the District Court, Myagdi, on Thursday, with the remand extended until Falgun 13, the District Police Office said.

Police Inspector Sagar Poudel said that the remand has been extended to make Pun, who was arrested on Tuesday, appear in court along with five other people who were arrested earlier on Magh 20.

According to the Office of the Cooperative Registrar in Pokhara, the Kumari Cooperative, which has 6,000 savers, involved in embezzlement of Rs 1.49 billion Action has been initiated against Pun and the accused under the Cooperatives Act-2074. He is a former director of the cooperative.

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