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NEPAL Nepali depositors angry, ruined by microcredit

More than 500 Nepali savings cooperatives are in dire straits with US$ 490 million in depositors’ money at risk. The lack of controls and the use of money by promoters to obtain bank loans are blamed. The prime minister promises to intervene, but victims accuse politicians of complicity.
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Pushpa Kamal Dahal , Harish Chandra Shrestha , Raj Dahal , Department Of Cooperatives , Rastriya Swatantra Party , Cooperatives Management Committee , Chandra Shrestha , National Campaign , Cooperative Depositors , Kashi Raj Dahal , Troubled Cooperatives Management Committee , Minister Pushpa Kamal Dahal , Ime Minister Phsupa Kamal Dahal ,