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Home Digest CURRENT AFFAIRS Malpractices

The Cooperative Scams

Barend Toetby Barend Toet
August 16, 2024
in Malpractices
0

While thousands of loan shark victims wait for justice and get their money back, the political machinery makes minimal steps in the process of stopping and sanctioning malpractices.

Around 32,000 saving and credit cooperations collect small sums from mostly poor depositors, who believe these organisations will make them better off. This sector, however, has come under severe public and political scrutiny due to unrest over investment failures, which have caused many to lose money.

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Tags: Corruptionfalsified documentsKashi Raj Dahalsaving and credit cooperationsself governance
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Barend Toet

Barend Toet

Barend Toet is the founder and editor-in-chief at Nepal Connect. He is a well-known Dutch publisher and writer. Editorial product development is his forte. In his younger years, he was the driving force behind successful niche publications across a wide range of fields, including pop music, private investing, and chess. Later in his career, he ‘recycled’ magazine content as an innovative agent, marketing text and imagery, and wrote numerous magazine articles and several books. Toet visited Nepal in the early 1980s and has returned some fifty times. He is also a board member of the Dutch Nepal Federation (NFN) and wrote a crime novel set partly in Nepal, The Kathmandu Complot (1982).

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