Government accuses Interbank Burundi of conducting illegal transactions

At a court hearing in Mukaza high court on July 10th, the lawyer of the Burundi government has accused Interbank of conducting illegal and clandestine transactions of foreign currency from Burundi to DRC.

Interbank Burundi is accused of conducting illegal and clandestine transactions of foreign currency from Burundi to DRC.

The case was taken to court after two DRC citizens were caught with $ 1.5 million at Gatumba border post on their way to the DRC. Questioned, these two people said they had withdrawn that money from Interbank Burundi. The government of Burundi therefore decided to sue that bank to court accusing it of conducting illegal transactions.

The lawyers of Interbank deny the accusations saying that Interbank Burundi has partnership with other banks outside of Burundi and that carrying out transactions between two partner banks is normal.

After the hearing, the lawyer of the government has asked that Interbank give BIF 50 billion as an indemnity for the government and BIF 44 billion as a fine for violating the national bank law.
The Mukaza high court has said the verdict will be communicated after two days.

Guidelines for IWACU users' forum

Comments should not violate laws and regulations. Included post with a character racist, anti-Semitic, defamatory or abusive, calling for ethnic and regionalist divisions, disclosing information about a person's privacy, using works protected by copyright (texts, photos, videos ...) without mentionning the source.
Iwacu reserves the right to remove any comments likely to contravene this guidelines, and also like comments off topic, repeated several times, promotional or rude. Comments written in capital letters will be deleted automatically.

Add comment

Your email address will not be published. Required fields are marked *

error: Content is protected !!