Wednesday, January 8th, 2025

Assets of 32 companies worth 370 million rupees linked to GB Rai frozen


19 January 2024  

Time taken to read : < 1 Minute


  • A
  • A
  • A

KATHMANDU: Assets exceeding 370 million rupees belonging to 32 companies associated with Gitenbabu (G.B.) Rai have been frozen due to allegations of fraudulent activities on his part.

Various organizations initiated the freezing of Rai’s assets based on the request from the District Police Office, Chitwan.

The police revealed that letters have been dispatched to land revenue offices to extend the asset freezing to additional houses and land.

Rai, the founding chairman of Sahara Chitwan Multipurpose Cooperative Limited in Narayangarh, has left more than 8,000 depositors in uncertainty, as their deposited money remains unrecovered.

All executives, managers, and responsible employees of the cooperative have gone into hiding.

Sources indicate that the cooperatives had amassed over Rs 850 million from the public, with deposit amounts ranging from 100 million to 600 million rupees.

Publish Date : 19 January 2024 17:48 PM

Over 10,000 foreign tourists visit Manaslu in 2024

KATHMANDU: The Manaslu region in northern Gorkha welcomed over 10,000

Public Accounts Committee Chair’s wife surrenders in court over fraud case

KATHMANDU: Anjala Koirala, the wife of Public Accounts Committee Chairperson

Gold price rises, silver remains stable

KATHMANDU: After remaining stable for the past two days, the

Xizang quake kills 126, all-out rescue effort underway

LHASA: A total of 126 people have been confirmed dead

Cabinet extends tenure of four APF DIGs by one year

KATHMANDU: The government has extended the tenure of four Deputy