Many cooperatives in Nepal into fraud thanks to nominal monitoring

In 2019, Ram Kumari Shrestha, who operates a business in Bajbajar, got around Rs 1 million after her family sold their ancestral land. Wanting to make the most of it, she decided to use the money to buy land in the outskirts of the city. She was planning to take a loan to manage the funds for the land.

But, with prices soaring, she felt it was not right to buy land in the valley and decided to keep the money. Arjun Khanal, the secretary at Triple M Manapathi Multipurpose Cooperative Ltd found out about Shrestha having the cash and approached her.