Nyamasheke SACCO manager arrested over Rwf37 million fraud

A manager of a Savings and Credit Co-operative (SACCO) Terimbere branch in Ruharambuga Sector, Nyamasheke District has been arrested following alleged fraud and misappropriation of funds amounting to over Rwf37 million. Jean Pierre Nkundibiza was apprehended on November 26, following an audit conducted by Rwanda Cooperative Agency last week, Inspector of Police (IP) Theobald Kanamugire, Police spokesperson for the Western region, said. “There are two people implicated in this scam so far; the manager, who is accused of stealing a total of Rwf14,701, 000 and the accountant identified as Bernard Gasore, who is wanted for defrauding Rwf22,376,740,” he added. “When the audit team arrived, they requested both Nkundibiza and Gasore to show their books of accounts, but few minutes later, Gasore excused himself to go for a short-call. He used this as a chance to run away.” Kanamugire said thorough investigations are still underway to locate Gasore and all those that could be connected to this scam. “You know corruption is a taboo in Rwanda and fighting it is a collective responsibility, so anyone with information about this specific fraud or any other financial malpractices should always inform the Police so that we uproot this habit in the country,” IP Kanamugure emphasised.

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Nyamasheke SACCO manager arrested over Rwf37 million fraud