Bank official in N$5m fraud case
A senior estate officer at Standard Bank Namibia, entrusted with supervisory responsibilities, is facing 148 counts of fraud in the Windhoek High Court.
Charles Manale, who is 37 years old, was employed as the senior estate officer in the executors and trustees department, where he allegedly defrauded the bank to the tune of N$5 million.
The accused, who has been released on a warning, allegedly caused more than N$4.2 million to be credited into his personal account without the knowledge and consent of the legitimate beneficiaries of the debited estate accounts.
It is alleged that he received, acquired, possessed, retained, controlled and used the said money for his personal benefit and that he knew the funds formed part of the proceeds of his unlawful activities.
The state further alleges in the indictment that Manale facilitated a payment of N$806 520.20 into Daniel Kauko Nehale's account.
It is alleged that he held the credentials, allowing him to authorise and release payments upon request by estate officers who were his subordinates, for the benefit of the legitimate beneficiaries of estates.
However, he intentionally engaged in a fraudulent scheme whereby he manipulated estate officers Emgard Uushona, Shireze Faith Diergaardt, Mujeve Kamberipa, Denille Veruscha Majiedt and Tuiihaleni Hangula, it is alleged.
He allegedly used their login credentials in order to facilitate the loading of payments from the estate accounts.
According to the indictment he pretended they were legitimate payments to the rightful beneficiaries.
Judge Christie Liebenberg postponed the case until 21 June for trial. State advocate Ed Marondedze is the prosecutor, while the defence lawyer is Jan Wessels.
FRED Goeieman
Charles Manale, who is 37 years old, was employed as the senior estate officer in the executors and trustees department, where he allegedly defrauded the bank to the tune of N$5 million.
The accused, who has been released on a warning, allegedly caused more than N$4.2 million to be credited into his personal account without the knowledge and consent of the legitimate beneficiaries of the debited estate accounts.
It is alleged that he received, acquired, possessed, retained, controlled and used the said money for his personal benefit and that he knew the funds formed part of the proceeds of his unlawful activities.
The state further alleges in the indictment that Manale facilitated a payment of N$806 520.20 into Daniel Kauko Nehale's account.
It is alleged that he held the credentials, allowing him to authorise and release payments upon request by estate officers who were his subordinates, for the benefit of the legitimate beneficiaries of estates.
However, he intentionally engaged in a fraudulent scheme whereby he manipulated estate officers Emgard Uushona, Shireze Faith Diergaardt, Mujeve Kamberipa, Denille Veruscha Majiedt and Tuiihaleni Hangula, it is alleged.
He allegedly used their login credentials in order to facilitate the loading of payments from the estate accounts.
According to the indictment he pretended they were legitimate payments to the rightful beneficiaries.
Judge Christie Liebenberg postponed the case until 21 June for trial. State advocate Ed Marondedze is the prosecutor, while the defence lawyer is Jan Wessels.
FRED Goeieman
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