Moshupa distraught as co-op millions allegedly vanish :: Mmegi Online

Ask anyone who resided in Moshupa in the 1990s and early 2000s and they will tell you of the then-buzzing Moshupa Multipurpose Cooperative (Co-op). Fast forward to 2023 and the mighty have fallen.

Moshupa Co-op members are crying foul that their money could have been looted with the business on its knees and over 8,000 members' savings amounting to over P3.5 million having vanished into thin air.

This is in addition to businesses run by the co-op that includes a general dealer, liquor restaurant, and agricultural shop having closed shop as there is no stock. Mmegi visited Moshupa during the week and met desperate, hurt, and hopeless members of the co-op licking their wounds. Information gathered suggests that the co-op committee and or management could have fleeced them of their monies which were never supposed to be used for any business investments.

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Moshupa distraught as co-op millions allegedly vanish

Ask anyone who resided in Moshupa in the 1990s and early 2000s and they will tell you of the then-buzzing Moshupa Multipurpose Cooperative (Co-op). Fast forward to 2023 and the mighty have fallen.

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