Coops scam: Ex-DIG Joshi produced at Kaski District Court to extend remand

Former Deputy Inspector General (DIG) Chabilal Joshi, who was arrested in connection with the cooperative fraud case, was produced at the Kaski District Court for an extension of remand.  

Kaski police informed that Joshi was produced at the court to extend remand to carry out further investigation.

He was apprehended in Kathmandu shortly after Home Minister Ramesh Lekhak’s directive to immediately implement the report of the Parliamentary Inquiry Committee regarding the misappropriation of funds in cooperatives.

Joshi, identified as a former director of Gorkha Media Network Pvt Ltd, was named in the report of the inquiry committee led by Surya Thapa, which recommended action against four individuals, including Joshi.

ALSO READ: Ex-DIG held for ‘hand’ in coops fraud

The Parliamentary Special Committee to Investigate Cooperative Funds has pinpointed Joshi as a central figure in the fraudulent activities, alleging that he played a significant role in withdrawing funds from various cooperatives under the guise of loans.

The inquiry report reveals that Gorkha Media Network was established with half of its investment from GB Rai and Joshi.

Following previous business partnerships, Joshi reportedly reduced his 15 percent share, transferring it to Rabi Lamichhane.

He is accused of securing loans amounting to Rs 25m from the Supreme Cooperative of Butwal and Rs 10.86m from Sano Paila Cooperative in Birgunj to fund his investment in Gorkha Media.

Subsequently, Joshi is said to have distanced himself from Gorkha Media due to disagreements.