Sunday, February 9th, 2025

Bharat Jangam arrested in cooperative fraud case; Nikita Poudel’s role under scrutiny


22 December 2024  

Time taken to read : 2 Minute


  • A
  • A
  • A

KATHMANDU: Bharat Jangam, the former Chair of Sai Swagat Cooperative Society in New Baneshwor, Kathmandu, has been arrested on charges of embezzling savings from the cooperative.

The arrest was made on Friday by the District Police Range, Kathmandu, as part of an investigation into the fraudulent activities at the cooperative.

According to Kathmandu Police spokesperson SP Nawaraj Adhikari, Jangam’s arrest follows an ongoing probe into the financial misconduct at Sai Swagat Cooperative.

The investigation, launched on Sunday, is focused on the embezzlement of funds from the cooperative, which involved key figures, including Jangam and former vice chair Nikita Poudel, who is married to Rabi Lamichhane, the Chair Rastriya Swatantra Party (RSP).

Jangam, Poudel, and other office bearers reportedly left the cooperative after forming a new board of directors, following the embezzlement scandal.

Lamichhane had previously taken a Rs 5 million loan from the cooperative to cover expenses related to his wedding with Nikita Poudel, which took place after their court marriage in 2017.

The loan was used to fund their wedding banquet at a luxury hotel in Nagarkot.

The involvement of Poudel, who held a leadership role in the cooperative at the time, is now under investigation as authorities examine the financial dealings and potential irregularities connected to the embezzlement case.

The police have yet to clarify the extent of her involvement in the fraudulent activities at the cooperative.

Publish Date : 22 December 2024 18:18 PM

Deuba bats for internal unity in NC

DANG: Nepali Congress (NC) President Sher Bahadur Deuba has said

PM attends Sagarmath Sambaad preparatory meeting

KATHMANDU: The preparatory meeting of the Sagarmatha Sambaad was held

House panel inspects fire-damaged Ministry, stresses on management of electric wiring

KATHMANDU: The Infrastructure Development Committee, the House of Representatives today

Half-Yearly progress of the current budget mixed: Finance Minister

KATHMANDU: Deputy Prime Minister and Finance Minister, Bishnu Prasad Paudel,

Social Media Bill presented in NA

KATHMANDU: The Media Council Bill, 2081 BS has been presented