Savers on the streets, illegal loan sharks in power

In the investigation report submitted by the Butwal area police office to the district attorney's office last Friday, it is mentioned that Lamichhane illegally took 20 million from the cooperative and 140 million from Gorkha Media Network while he was the managing director.

"The loan has been invested in the name of Ravi Lamichhane, a savings member of the organization, without completing any process," the report said. The same practice is also mentioned in the charge sheet filed by the Public Prosecutor's Office in the District Court. However, Lamichhane has not been made an accused.

The victims who have gathered from Butwal and Bhairahawa, the major cities of Rupandehi, have demanded that the money they had saved after suffering was embezzled by cutting crores and crores of checks and withdrawing them without collateral. They allege that he was given immunity because he was vying for the post of Home Minister. 1800 savers filed a complaint with the police saying that their savings kept in Supreme Cooperative were embezzled. However, they are worried that the case has been weakened.

'Stop political patronage to cooperative thugs', 'Where is GB Rai? Ravi Dai knows', 'Stop co-operative fraud, punish the guilty', 'Take action against the co-operative monitoring team', 'What do the victimized people say? The victims who gathered with placards saying 'Give GB Rai', 'Home Minister be responsible, arrest GB Rai' have announced that they will protest until the savings are returned.

Although Lamichhane's name, amount, date, quality and facts are mentioned in the police investigation report, Mukunda Prasad Paudel, a saver, said that since his name has been removed from the list of defendants in the case, the state itself has become suspicious. "We are worried when there is an innocent display from the agency (police) that we hope for justice. Now from whom to hope? Victims would become more victims. The co-op victims would not get justice. That's why we are forced to come to the road demonstration. They have demonstrated from the highway intersection of Butwal to the traffic intersection from Tuesday.

Participating in the demonstration, Krishna Prasad Kharel of Butwal said that common people's savings have been embezzled in collusion between GB and Ravi. Earlier, when Lamichhane came to Butwal, the victims met and gave their statements. What is the reason why Home Minister Lamichhane, who promised to return the savings by prosecuting the culprits, is only defending himself? We are agitating, demanding action and investigation," Kharel said. "Raviji is silent when demanding an investigation as to who did the embezzlement." Kharel has sunk around Rs 3 crore in the

cooperative. He said that initially they were lured into savings by offering attractive interest rates, sweet counseling and gold coins. He worked in India for 35 years selling worship materials in Butwal. "I had deposited some money saved by sweating in India and the money from selling two houses in Supreme, now it is wasted," he said.

Devilal Bhattarai, a victim of Butwal, had deposited 62.5 million rupees in Supreme Cooperative after selling the land in Manigram of Tilottama to build a house. He planned to build a new house and get his daughter married with that amount. "We were the victims who collected money in the cooperative by selling everything, the big talkers stole the money. If the government wants, it can immediately arrest the culprits and give justice to the victims. But, at this time, who will hope? Because the money has gone in the name of not only GB Rai, but also Ravi Lamichhane,' he said.

Sangharsh Samiti's coordinator Vijay Kumar Nepal warned that the victims will reach Kathmandu and surround the Federal House if their demands are not met through street demonstrations. ``1 billion 31 crore savings of 10,000 savers in Supreme Cooperative has been embezzled, we reported. After 1 thousand 828 people filed a complaint, Butwal area police started an investigation. However, an incomplete case has been registered, it does not address our demand,' he said. Since

, while his own well-wishers have been forced to come to the streets, Home Minister Lamichhane is only defending himself. Challenging the news in Kantipur and other media on the basis of the police report and the missile submitted to the court, he said that he will not be forced to take responsibility for the bullying of GB Rai. It has been shown that the fake mortgage loan account was credited in the name of Ravi Lamichhane and the loan was not taken. Lamichhane wrote on social media, "According to the research, when opening the loan account, there are no details such as citizenship, loan request form, KYC form, three-page statement etc. Lapche, not even a signature. That is, I have not taken a loan. My name is only written.'

He has challenged the media to bring proof that he took money from the cooperative. On the other hand, Kantipur has the evidence that Lamichhane bought 15 percent shares of Gorkha Media Pvt. Ltd. after submitting the details of his investment to the company registrar's office by bringing the money of the savers of Supreme Cooperative of Butwal, and stating that the same amount is his investment. According to the document submitted by Lamichhane himself at the company registrar's office, the source of the investment he submitted is the savings deposited in the cooperative by ordinary people from sweat earnings.

According to the information submitted to the company registrar's office, Lamichhane himself applied to purchase 180,000 shares of Gorkha Media Pvt. On Chait 18, 2077, through Ravi Lamichhane, 20 million Gorkhas gathered on the media network.

However, he did not collect this amount from any other source, Roshni Gurung, an employee of Supreme Cooperative of Butwal, showed the money deposited. Lamichhane became the owner and managing director of Gorkha Media based on that money. Gurung was arrested by the police when he was now the home minister.

The decision of the board of directors meeting of Gorkha Media Network held on Chait 25, 2077 to issue shares as money has also been collected according to the application, it is said, 'Since Ravi Lamichhane applied to get permission to purchase 180 thousand shares, the 18 million shares that are on sale as per the demand It has been decided to allow the purchase of shares.'' Lamichhane himself has signed and submitted the details to the company registrar's office stating that the amount from the Butwal cooperative is his. Based on that, he bought 15 percent shares in Gorkha Media Network. On the

side, there is no doubt that action will be taken against the group including GB Rai who embezzled the savings of the cooperative, the law is also clear that action will be taken against individuals including Lamichhane who took loans. Section 122 of the Cooperative Act 2075 clearly provides for fines and imprisonment if debtors commit dishonesty. If a loan is taken by giving false information, if the mortgage is deemed to be bad or if the loan is embezzled, there is a provision to pay the wrong amount, fine equal to the wrong amount and imprisonment for up to 6 years.

Giri's resignation from Kantipur Pushparaj Giri, a former employee of the company and currently working as a corporate manager in Kantipur Publications, has resigned saying that his name was also linked while bringing the funds of the cooperative to Gorkha Media Network Pvt Ltd.

Giri was working at Gorkha Media Network when GB Rai was Chairman and Ravi Lamichhane was Managing Director. On Tuesday, Kantipur published the news that Rs. He said that he separated himself from Kantipur saying that it would be appropriate to help in the judicial investigation after the name appeared in reports and news. He, who is currently out of the country, has publicly said after sending his resignation via e-mail, "I am currently out of the country for personal work. I will return to my country in a few days and inform you that I will handle my affairs according to the law." I also inform you that I will not be associated with Kantipur until this matter is resolved.'