The central bank should regulate cooperatives

Gauri Bahadur Karki, former chairperson of the Special Court, who headed an inquiry commission formed to look into troubled saving and credit cooperatives, on the current crisis in the cooperatives.

Gauri Bahadur Karki , former chairperson of the Special Court, was also the head of an inquiry commission formed in 2013 to look into troubled saving and credit cooperatives. His team had collected around 13,000 complaints from depositors of troubled cooperatives. Karki talked to the Post ’s Prithvi Man Shrestha about the current crisis in the cooperatives whereby thousands of depositors have taken to the streets after failing to recover their savings from the cooperative. Excerpts: