RUNDU – A financial advisor at Sanlam and an employee of Hollard Insurance company in Rundu made their first court appearance on Monday facing charges of defrauding a Sanlam client of N$200 000.
According to the charge sheet, Victoria Kavu (32) and 39-year-old Christophine Shininge allegedly defrauded a Sanlam client of N$200 000 which the client had deposited into her account.
The two were arrested on 6 June 2023.
Police records revealed that Kavu, who is the Sanlam financial advisor allegedly transferred the N$200 000 to a Hollard personal account of Shininge, her friend.
The two appeared before magistrate Sonia Sampofu.
Kavu is charged with two counts, fraud and contravening Section 4 of the Prevention of Organised Crime Act of 2004, which deals with unlawfully disguising the origin of the finacial proceeds.
Shininge is charged with three counts – fraud, contravening Section 5 of the Prevention of Organised Crime Act of 2004 which deals with assisting a person who obtained funds unlawfully and controlling that on their behalf, and contravening Section 6 of the same act which deals with acquiring funds unlawfully.
The two accused were initially granted bail of N$40 000 each but this was reduced to N$10 000 on Tuesday on grounds that the women are both breadwinners for their families.
The two were represented by Thomas Appolus Law Firm while Variety Matamata represented the State.
– Nampa