Baclays Official in Court for fraud

AN official with Barclays Bank Tanzania Limited, Julius Mpogolo (29), appeared before the Kisutu Resident Magistrate Court in Dar es Salaam yesterday charged with conspiracy to steal 2bn/- from the bank.

Before Resident Magistrate Nyigulila Mwaseba, the accused denied the charges. He was remanded for failure to meet bail conditions. The magistrate had ordered the accused to secure two sureties employed in recognized institutions.

Mpogolo, a resident of Kawe, was also required to deposit in court 15m/- in cash or surrender title deed of immovable property valued at the equivalent amount. The case will be mentioned on July 15, as investigations, according to the prosecution, have not been completed.

State Attorney Epafras Njau told the court that between June 1 and 3, this year in Dar es Salaam, with intent to defraud, the bank official and other people not in court conspired to steal from the bank from a client's account.

The prosecution alleged further that on June 3, this year, at the bank's Ohio Street Branch, the accused attempted to steal 30m/- through account number 001116202 after having falsely transferred the amount from account number 0539200011, which is at the Barclays Bank, Iringa Branch.

source: daily news