Rwanda National Police

The manager of a savings and credit cooperative in Kayonza District has been taken into custody for allegedly embezzling over Rwf55.4 million from the Sacco coffers.

Jean Bosco Semuhungu, the manager of Murundi SACCO, was arrested on Friday following an audit conducted by the National Bank of Rwanda and Rwanda Cooperative Agency.

"An audit conducted conducted last month indicated that Rwf55, 455, 365 was not accounted for and Semuhungu was implicated to have had a hand in one way or another. He was arrested to facilitated Rwanda Investigations Bureau to facilitate further investigations," Chief Inspector of Police (CIP) Theobald Kanamugire, the Eastern Region Spokesperson, said.

Article 325 of the penal code stipulates that anyone who embezzles public or private property, funds, negotiable instruments, documents, or movable property which are entrusted to him/her, by virtue of his/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.

"Investigation will inform us if there are other people involved to be arrested in an effort to recover members' money but also to bring them to justice."