Tuesday, May 12th, 2026
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Building of Shree Laligurans Cooperative Limited. (File photo)
KATHMANDU: Surendra Bhandari, the owner of Lalitpur-based Laligurans Multipurpose Cooperative, has been arrested.
Bhandari, who also serves as the chief of the Central Cooperative Department of the Nepali Congress, is accused of misappropriating Rs 6 billion of depositors’ money.
Allegations include investing in private companies and providing loans to political party leaders.
He was arrested by the Kathmandu Valley Crime Division in Baluwatar on Friday.
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