Pokhara, July 21 -- Authorities have uncovered an embezzlement of Rs65.4 million from the Sunalo Bhavishya Savings and Credit Cooperative based in Besisahar, Lamjung, allegedly involving a coordinated effort by board members.

According to Bheshraj Rijal, head of the Cooperative Registrar's Office in Pokhara, members of the executive committee approved suspicious loans, including Rs2.5 million issued to Indian nationals-an act deemed illegal under Nepali cooperative regulations.

The main office of the cooperative is located in Manang Chautari Chowk, Besisahar, with contact offices in Bhoteodar and Chiti.

An investigation by financial analyst Nirmal Gautam, commissioned by the registrar's office, found that the board had fabricated borro...