KATHMANDU

The office of the senior advocate has decided that a compromise can be made in the cooperative fraud case in court.

Now, if the savings of the depositors are returned, a compromise can be made in the cooperative fraud case in court. In addition, a compromise can be made if the guarantors of the cooperative fraud agree. It was not possible to file a compromise in the cooperative fraud case before.

However, Section 124 of the Cooperative Act provided for fines, imprisonment, and other penalties for violations of the rules and regulations of the members, in addition to any other purpose. But after many incidents of cooperative fraud came to light and the case was brought to the attention of the police and the court, the office of the senior advocate has decided that a compromise can be made in the cooperative fraud case.

Although the compromise arrangement may allow those with bad intentions to engage in financial activities, knowledgeable people will explain.