No bail for N$4 million bank fraud suspect
29 Jan 2016 17:20pm
WINDHOEK, 29 JAN (NAMPA) - A Standard Bank of Namibia employee who was sought by the Namibian Police Force (NamPol) on a charge of fraud in respect of missing N.dollars 4 million from the bank, was refused bail on Friday.
The 32-year-old Charles Winston Manale surrendered himself to the police on Thursday morning.
He was refused bail on his first appearance before Magistrate Ilge Rheent in the Windhoek Magistrate's Court here on Friday morning.
Manale was, thereafter, remanded in police custody at the Windhoek Police Station until 28 April this year, pending further police investigations into the matter.
Manale's privately-instructed defence lawyer, Kennedy Haraseb of the Metcalfe Attorneys, told the court that his client will bring a formal bail application before court in the next few days.
Public Prosecutor Rowan van Wyk represented the State.
According to a summary of substantial facts contained in the charge sheet, Manale has been on the run since 20 December last year after the bank discovered the alleged fraud amounting to about N.dollars 4 million.
Manale was working at the Standard Bank Namibia's Trust Account Division in Windhoek.