Actualités Régionales of Wednesday, 8 April 2015

Source: cameroon-tribune.cm

Suspects arrested over theft of FCFA 50 million in Kumbo

They include the manager, his deputy and accountant of Shisong Cooperative Credit Union Ltd.

Some four workers of Shisong Cooperative Credit Union Ltd in Kumbo, Bui Division of the North West Region, have been arrested and detained in connection with the misappropriation of FCFA 50 million.

The suspects, whose names have not been given, are said to be the Manager, the Assistant Manager, the Accountant and the former Cashier, said to have resigned when investigations were opened into the suspected misappropriation.

Sources close to the State Counsel’s Chambers Kumbo hinted that relatives of some of the suspects have started paying back the embezzled money.

According to the law setting up the Yaounde-based Special Criminal Court, SCC, concerning the misappropriation of public funds above FCFA 50 million, a suspect who repays stolen money might be freed.

It is still unclear if the provision in this law applies to the case in question since the money allegedly embezzled belonged to a credit union.