Five Arua Post Bank officials released on bail

Five Arua Post Bank officials released on bail

By Andrew Cohen Amvesi

ARUA. The five officials of Post Bank Arua branch who were recently arrested over allegations of theft of over shs130m have been released on court bail.

This is after the officials pleaded not guilty to the two counts of stealing money worth shs138m and conspiring to make the bank lose shs38.6m.

The counts were read to the accused persons before His Worship Paul Matyama, the Arua Chief Magistrate on Tuesday.

The accused bank officials include; the operations manager, customer service officer, and three banking officers.

As soon as the accused persons were called in the dock, Simon Angumale, the Senior Resident State Attorney Arua told court that investigations in the case are still ongoing, adding that police have also informed him that they are still doing the same.

As a result, Richard Bundu of Bundu and Co. Advocates, one of the lawyers representing the bank officials, requested court to grant them bail.

“Your Worship, we have instructions to apply for bail for the accused persons and the sureties are in court,” Bundu said as he presented the sureties to court one by one.

After examining the sureties, His Worship Matyama went ahead to grant the accused bank officials a cash bail of shs2m each while each surety was bonded at shs50m not cash.

“I have released all the accused persons. Each accused person is going to pay cash of shs2m in the bank and each surety shs50m not cash. Should the accused disappear, you will each forfeit shs50m to the government,” Mutyama ruled.

The officials are expected to return to court on March 20, 2024.

Earlier on, Josephine Angucia, the West Nile region police spokesperson said of the five arrested bank officials, two are still at large.

But all the accused persons have since expressed innocence over the allegation which is still under investigation.

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