Nepal, April 20 -- Rupandehi District Court on Friday sent Om Prakash Gurung, the chairman of the Butwal-based Supreme Saving and Credit Co-operative, to jail for judicial custody on the charges of cooperative frauds.

Gurung who has been accused of embezzling Rs1,078,267,729 of savings deposited by over 10 thousand depositors at the Gitendra Babu (GB) Rai-led cooperative was sent to jail by judge Shriprakash Upreti.

However, the court released six others, including Dipesh Pun son of former Vice President Nanda Bahadur Pun, who were also accused of embezzling cooperative funds.

The junior Pun has been ordered to be released on a bail of Rs400,000, district court Information Officer Ananta Raj Marasini told the Post.

Likewise, the court...