Woman in court for P1.7million CEDA fraudulent loan

Staff Writer | Thursday June 18, 2015 14:49

 

A statement from the Directorate on Corruption and Economic Crime (DCEC) accuse Karanja of using false documents to acquire a P1.7 million loan from Citizen Entrepreneurial Development Agency (CEDA).

The statement says on December 6, 2002, in Maun, the accused person fraudulently obtained a certificate of Customary Land Grant, purporting that it was issued by the Tawana Land Board, when it was not the case.  On the second count, Karanja is charged together with her company, Star Point, for the registration of a title deed, in respect of Lot 2728, Maun.

  As such the valuable security was dealt with by CEDA to issue a mortgage loan to Star Point (Proprietary) in the sum of P1.701,000, something which CEDA would not have done had the true facts been known to them.  The plea was reserved and the accused persons will appear in court on the 23rd of July 2015.

Benlida Oaitse of the Directorate on Public Prosecutions (DPP) appeared for the state and the accused, was represented by Wanano Lumbile of Lumbile legal practitioners.