Three arrested for embezzling SACCO funds

By IGIHE
On 18 March 2020 at 03:39

Rwanda Investigation Bureau (RIB) has arrested three SACCO officials at Hirwa Raniro branch in Huye District suspected of embezzling the institution’s funds.

Sources say the three suspects are Mutuyimboni Bonyde, Uwera Clarisse and Nyiransabimana Epiphanie. They were apprehended on March 17th, 2020 and are currently held at RIB Ngoma station.

Umuhoza Marie Michelle, RIB Spokesperson confirmed the arrest but omitted the amount of money they embezzled as further investigation is being conducted.

RIB reminded Rwandans that all forms of embezzlement are punishable by law and urged them not to withhold information about such criminal offenses.

Article 10 on corruption and embezzlement in the penal code of Rwanda states that embezzling funds from public organs, civil society, private institutions and international organizations operating in Rwanda is a criminal offense.

On conviction, culprits are liable to between 7 and 10 years of imprisonment and a penalty threefold the amount embezzled.


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