Ngororero: SACCO accountant held over embezzlement

Published by Théophile Niyitegeka
On 4 March 2017 saa 01:00
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An accountant at a credit and saving cooperative (SACCO) branch in Muhororo Sector of Ngororero District had been arrested for allegedly embezzling over Rwf2.7 million from the coffers.

Jacqueline Mbonyizanye currently detained at Ngororero Police station, was arrested on Thursday following an audit carried out at the SACCO branch by its internal auditor.

“The audit found out that Mbonyizanye had actually received Rwf2, 787, 000, which she could, however, not explain circumstances under which it went missing from the coffers. As the prime suspect, he was immediately arrested as investigations are still underway,” Chief Inspector of Police (CIP) Theobald Kanamugire, Police spokesperson for the Western Province, said.

The internal audit precedes another one that will be conducted by Rwanda Cooperative Agency (RCA).

“We call upon anyone with information that would supplement these investigations, or any other act related to corruption or embezzlement, to come forward and support efforts against such malpractices,” he said.

Under article 325 of the Rwandan penal code, any employee, who embezzles public or private property, funds, negotiable instruments, documents, or movable property which are entrusted to him or her, by virtue of his or her office; shall be liable to a term of imprisonment of seven to ten years and a fine of two to five times the value of the embezzled or destroyed property.