Ex-Standard Bank accountant sent to jail for 15 years

25 Apr 2019 16:50pm
WINDHOEK, 25 APR (NAMPA) - A former senior accounting officer at Standard Bank Namibia who admitted to defrauding the bank of N.dollars 5 million between January 2011 and December 2015, was on Thursday sent to jail for 15 years.
Charles Manale, 38, was sentenced by High Court Judge Dinnah Usiku after the court earlier found him guilty of 147 counts of fraud and one count of money laundering.
Manale was sentenced in respect of the 147 counts of fraud of which two years were suspended for a period of five years on condition that he is not found guilty of any offence of fraud or theft of money during the suspension period.
On the charge of money laundering, the former Standard Bank employee was sentenced to five years imprisonment which was ordered to run concurrently with the sentence imposed in respect of the fraud counts.
In the result, Manale was sent to jail for an effective 15 years.
“Charles Manale was put in a position of trust and he betrayed this trust when he defrauded the bank. He has manipulated the bank's accounting system by using the accounts of deceased persons. It was his own plan to defraud the bank due to his own personal greed,” Usiku said.
This fraud was deliberately planned and perpetrated against the bank over a period of 17 months. Crimes of dishonesty are not only prevalent, but also on the increase in Namibia and the missing money was just spent on a number of unnecessary goods and items, said Usiku as she handed down the sentence.
Manale is a first-time offender with no record of previous convictions.
His vehicle and pension money of about N.dollars 300 000 were all taken over by the bank as repayment.
He holds a diploma in business administration.
Attorney Jan Wessels defended Manale on the instructions of the Justice Ministry's Directorate of Legal Aid.
State Advocate Constance Moyo represented the prosecution.
(NAMPA)
SKE/EK/AS