Probe Lamichhane, cooperative victims demand The victims of cooperatives’ scams have demanded a probe against Deputy Prime Minister and Home Minister Rabi Lamichhane. Nepal 11 Jul, 2024
PCWMC becomes dysfunctional Katmandu, January 22 The Problematic Cooperatives Wealth Management Committee (PCWMC), which was formed by the government to assess assets and liabilities of troubled Oriental Cooperative and others and compensate the depositors, has become... 23 Jan, 2020
Govt auctioning Oriental�s assets to compensate duped victims Kathmandu, November 15 Thousands of victims of Oriental Cooperative hoping to recoup their money may be up for a huge disappointment as they are likely to receive only a negligible fraction of their investment. While the government has formally... 16 Nov, 2019
Govt committee to auction Oriental Cooperative�s assets Kathmandu, April 5 The Problematic Cooperatives Wealth Management Committee (PCWMC), which was formed by the government to assess assets and liabilities of troubled Oriental Cooperative and compensate its depositors, is set to auction the... 06 Apr, 2019
Police arrest Oriental chief Basnet Kathmandu, April 3 Police today arrested Sudheer Basnet, chief of Oriental Cooperative, which went bankrupt in 2013 after its promoters including Basnet unlawfully invested depositors’ fund in different sectors. The Teku-based Metropolitan... 04 Apr, 2019
PCWMC determines nearly Rs 8bn liability in �Oriental scam� Kathmandu, July 11 The Problematic Cooperatives Wealth Management Committee (PCWMC) has calculated liability of almost Rs eight billion in the Oriental Cooperative scam. On the basis of 7,500 claims that the committee received from the public... 12 Jul, 2018
Exposure of BFIs in Oriental scam at Rs 2.53 billion Kathmandu, June 27 Banks and financial institutions (BFIs) have submitted claims of Rs 2.53 billion that they had lent for the housing projects and airlines owned by realtor Sudheer Basnet, chief of Oriental Cooperative, at the Problematic... 28 Jun, 2018
�Oriental victims need not worry� Kathmandu, June 6 The Problematic Cooperatives Wealth Management Committee has tried to dispel concerns raised by the victims of Oriental Cooperative and some other housing projects owned by realtor Sudheer Basnet after his release. “The process... 07 Jun, 2018
7,500 claims filed seeking compensation Kathmandu, May 20 A total of 7,500 claims have been filed at the Problematic Cooperatives Wealth Management Committee seeking compensation from Oriental Cooperative. The committee collected claims from victims from April 16 till today from... 21 May, 2018
EDITORIAL: Regulate co-ops Some unscrupulous cooperative operators have given the entire idea of this community-based economic approach a bad name That the Problematic Cooperatives Wealth Management Committee (PCWMC) has sought claims from victims of Oriental Cooperatives,... 17 Apr, 2018
Panel seeks claims from victims of Oriental Cooperative Kathmandu, April 15 The Problematic Cooperatives Wealth Management Committee led by former chairman of the Special Court Gauri Bahadur Karki, has sought claims from victims of Oriental Cooperative. Victims of Oriental Cooperative and apartment... 16 Apr, 2018
Process to compensate Oriental victims begins Kathmandu, February 20 The high-powered committee formed as per the provision of the Cooperatives Act, 2017 has initiated the process of providing relief to the victims of Oriental Cooperative. The committee led by former chairman of Special... 21 Feb, 2018
