Nyagatare: Two SACCO employees arrested over embezzlement

Published by Théophile Niyitegeka
On 29 January 2017 saa 01:01
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A manager and cashier of a SACCO branch in Matimba Sector in Nyagatare District were arrested on Friday for allegedly embezzling at least Rwf4 million from the branch.

Police spokesperson for the Eastern Province, Inspector of Police (IP) Emmanuel Kayigi said that the arrest of Liliane Dushimimana, the manager and Eshem Mugabo followed an audit conducted in the credit and savings branch.

“Since Thursday (January 26) the National Bank of Rwanda has been conducting an audit at Matimba SACCO branch,” IP Kayigi said.

“On the first day of the audit, over Rwf4 million was not unaccounted for; preliminary investigations have so far found the branch manager and the cashier to have had a hand in the missing money,“ he added.

“The audit and investigations are still underway and anyone involved in this case will be brought to justice. When you embezzle the people’s money, as an entrusted person, you are putting the government in losses, which is unacceptable,” he noted.

The Rwandan penal code provides a prison sentence ranging between seven and ten years upon conviction and a fine of two to ten times the value of the embezzled money of property.