Butwal, July 13 -- Another major cooperative scandal has rocked Butwal as more than Rs220 million of depositors' money was reportedly embezzled from Dingarnagar Duragami Multipurpose Cooperative. With its chairperson, secretary and manager absconding, around 1,900 depositors have been left in deep trouble.

This is the 12th such cooperative scam over the past few years in Rupandehi district, where cooperative operators have disappeared after misusing public deposits.

Located in Janakinagar of Tilottama Municipality-3, Dingarnagar Duragami Multipurpose Cooperative had been operating profitably in the dairy sector for years, distributing annual bonuses ranging from Rs1,000 to Rs24,000 to its members. However, the recent audit-carried out a...