Dan Bahadur Budha, Nepal News Bank <\/p>\n
Kathmandu. Employees working at Prachanda branch of CYC Nepal Laghubitta Bittiya Sanstha at Khatyad Rural Municipality-4, Mathichaur have been accused of embezzling around Rs 13 million 76 thousand by preparing forged documents in the name of savers. <\/p>\n
The victims have accused the bank of showing loans in the name of 98 savers of the branch, withdrawing money from fixed and personal savings accounts, and making people who are not affiliated to the organization as borrowers. Headquartered in Pokhara, the company is a ‘D’ class microfinance financial institution licensed by Nepal Rastra Bank.<\/p>\n
There are 56 women’s groups in different areas of Khatyad Rural Municipality under the Prachanda branch. The group has 711 members. The victims claimed that 98 of them were irregularities in the names of savers. <\/p>\n
Based on the complaint of the victims, a case has been filed at the High Court Surkhet against Ganesh Chaulagain, Tulsi Shahi and Tika Prasad Jaisi.<\/p>\n
According to Prem Prakash Thapa, officiating registrar at Surkhet High Court, the case was registered on June 3, 2008. <\/p>\n
As the case is sub-judice, the Surkhet High Court has coordinated with the District Court, Mugu, to record the statement of the victims through audio-visual medium as government witnesses.<\/p>\n
The court has remanded all three accused on bail. <\/p>\n
The victims have alleged that not only in the name of loans, but also in the name of savings and fixed accounts, they have been irregularly withdrawn.<\/p>\n
Documents showing that Risu BK of Khatyad Rural Municipality-4 had taken a loan of Rs 100,000 in his name. However, her husband Parek BK said that they have not taken any loan. <\/p>\n
According to him, they have not taken the loan and have not paid the installment even though it is shown that they have paid Rs 20,000 in installments and more than <\/p>\n
Rs 75,000 is still owed. The victims claim that documents have been prepared showing that they have taken loans of Rs 75,000 each in the name of seven members of the 15-member women’s group associated with Risu. <\/p>\n
Similarly, a loan of Rs <\/p>\n
100,000 has been shown in the name of Nanda Devi Shahi of Khatyad-2. Although the documents mention that they have paid Rs 48,000 in installments, the family has stated that they have not taken any loan and have not deposited the amount. <\/p>\n
The question of savings and fixed amount<\/p>\n
According to the victims, the irregularities are not limited to loans. It is alleged that the fixed deposits and personal savings deposited by the savers were also withdrawn from the documents. Durga Baniya Rokaya of Khatyad-4 had deposited Rs 200,000 in her fixed deposit. She also received interest for some time and when she went to withdraw the money when needed, she was informed that the amount had been withdrawn after adjusting the documents and the account had been closed. <\/p>\n
Similarly, the employees have also withdrawn Rs 1,<\/p>\n
50,000 from Biura Baniya’s account by preparing forged documents and making the account void. The family of Bir Bahadur Sarki of Khatyad-4, Higoti, has been found to have taken a loan of Rs 150,000 in the name of his mother Jhuppa Sarki. Similarly, the family has also claimed that a loan of Rs 1 lakh has been shown in the name of Chinkala Sarki, who is not associated with a financial institution. <\/p>\n
The victims have said that financial and mental problems have increased after they were shown liability for the loan they had not taken. <\/p>\n
He said that the victims had to bear additional financial burden while seeking justice <\/p>\n
while seeking justice{{{}{{} while seeking justice.<\/p>\n
Pabita Rawat of Khatyad-7 said she had to go to the district headquarters three times for investigation and statement. According to him, he spends Rs 15,000 to Rs 20,000 at a time while staying in the district headquarters. <\/p>\n
The victims have complained that their source of income has been affected as they have to visit the district headquarters frequently during the farming season.<\/p>\n
Another victim, Bachu Viyal, said she too was booked on forged documents and was unable to repay the loan. After the case was registered at the High Court, Surkhet, he had to go to Surkhet to give statement as a government witness. However, the District Court, Mugu, has provided some relief to the victims after the Mugu District Court made arrangements for recording the statement through audio-visual medium. <\/p>\n
According to the victims, it costs more than Rs 20,<\/p>\n
000 per person to reach Surkhet and return. According to them, it has become more difficult to participate in the judicial process as road transport is not easy during the rainy season. <\/p>\n
The victims have now demanded that the process of filing statements should be made faster and easier.<\/p>\n
As it takes more than 40 minutes to record the statement of a victim, they have demanded that the statement of two to three people should be recorded at the same time. <\/p>\n
Since the case is sub judice in the court, the final confirmation of the charges will be made only after the court’s decision.<\/p>\n
However, after the allegations of irregularities related to loans and savings in the name of 98 savers of the same branch came to light, questions have been raised on the internal control of the microfinance institution, the provision of savings security of the customers and the monitoring system \u0964 <\/p>\n<\/p>\n
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Employees of CYC Nepal Laghubitta accused of embezzling Rs. 13 million Dan Bahadur Budha, Nepal News Bank Kathmandu. Employees working at Prachanda branch of CYC Nepal Laghubitta Bittiya Sanstha at Khatyad Rural Municipality-4, Mathichaur have been accused of embezzling around Rs 13 million 76 thousand by preparing forged documents in the name of savers. TheContinue reading “Employees of CYC Nepal Laghubitta accused of embezzling Rs 1.30 crore”<\/span><\/a><\/p>\n","protected":false},"author":0,"featured_media":86961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[147],"tags":[],"class_list":["post-86979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-samachar-en"],"acf":[],"jetpack_featured_media_url":"https:\/\/arthakhabar.com\/wp-content\/uploads\/2026\/08\/photo-5_33d8d22f-scaled.jpeg","_links":{"self":[{"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/posts\/86979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/comments?post=86979"}],"version-history":[{"count":1,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/posts\/86979\/revisions"}],"predecessor-version":[{"id":86980,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/posts\/86979\/revisions\/86980"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/media\/86961"}],"wp:attachment":[{"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/media?parent=86979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/categories?post=86979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arthakhabar.com\/ak_api\/wp\/v2\/tags?post=86979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}