Saturday, October 18, 2025

Let’s not spare cooperative fraudsters: PM Karki

Kathmandu, Oct. 16

Prime Minister Sushila Karki has taken initiative to address the grievances of victims of the cooperative scam.

She held a discussion with the Cooperatives Ministry and other stakeholders at the Prime Minister’s Office at Singha Durbar on Thursday to address the problems faced by victims of cooperative fraud.

Minister for Land Management, Cooperatives and Poverty Alleviation Anil Sinha, Secretary of the Ministry Kedarnath Sharma, Secretary of the PMO Rajkumar Shrestha, Chairperson of the Problematic Cooperatives Management Committee Shriman Kumar Gautam, officials from the Cooperative Regulatory Authority, and representatives of the National Federation for the Protection of Cooperative Depositors participated in the meeting.

Speaking at the meeting, PM Karki said that those involved in cooperative fraud should not be let off under any circumstances.

"We must not let those who swindle and live lavishly off others’ savings go scut free. They walk around wearing gold watches, drive expensive cars, and claiming to have divorced to avoid accountability. We cannot allow them to go unpunished. If the law is inadequate, then let’s amend it," the Prime Minister stated.

"Do whatever needs to be done, but let’s not spare the fraudsters. Let us end the situation where the victims are left weeping in the streets," she directed the concerned authorities.

According to PM Karki, this must be done immediately since it is the government’s responsibility.

“The primary duties of this government are to successfully conduct the elections, take action against corruption, and resolve the cooperative crisis. That is why we are here," she added.

The Prime Minister also emphasised that even if it means auctioning off the properties of those involved in fraud, the savings of the victims must be returned.

"If not us, who? This government will do it. It is unacceptable for victims to be crying in the streets while the fraudsters roam comfortably, well-dressed and unbothered. This is not the mark of a civilised society," she remarked. "If we must auction their property, so be it. If they’ve fled abroad, we must track them down and proceed accordingly."

  Published in The Rising Nepal daily on 17 October 2025.     

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