Case of 20-year-old accused of Rwf70m fraud goes to prosecution

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Case of 20-year-old accused of Rwf70m fraud goes to prosecution
Case of 20-year-old accused of Rwf70m fraud goes to prosecution

Africa-Press – Rwanda. Prosecution has taken over the case of Prince Shema, a 20-year-old man who was arrested on Monday, January 16, over allegations of fraud, Rwanda Investigation Bureau (RIB) said.

Shema, the owner of a company called P&A Group, is accused of defrauding Rwf70 million from 13 people, promising them to sell or rent them cars. His case was referred to prosecution on Friday.

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According to RIB spokesperson, Thierry B. Murangira, Shema told his unsuspecting victims that his company dealt in imports and rentals of cars as a way of convincing them to give him money.

He faces fraud charges.

Shema, the owner of a company called P&A Group, is accused of defrauding Rwf70 million from 13 people. File

According to law determining offences and penalties, any person who, by deception, obtains another person’s property, whole or part of his or her finance by use of false names or qualifications, or who offers positive promises or who threatens of future misfortunes, commits an offence.

If convicted of fraud, Shema could get a sentence of three to five years in prison and a fine of Rwf5 million to Rwf7 million.

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