Nyarugenge High Court will convene again on March 29th to hear testimonies from key witnesses in the case involving Alex Kanyankore –the former Former Chief Executive Officer of Rwanda Development Bank (BRD).
On Friday, Kanyankore appeared before the same court and for almost seven hours the three presiding judges heard testimonies from four of the six key witnesses.
Some of the witnesses were working in the same bank while one testified on camera to protect identities.
Kanyankore is co-accused with Karema Juvenal, a senior staff formerly in charge of credit at the bank.
While in office, the court heard that Kanyankore allegedly solicited and received a bribe estimated between Frw50 Million and Frw70Million in order to facilliate a client to receive a Frw500million loan from the bank.
The embattled banker is fighting charges of favouritism and receiving illegal benefits in order to offer a service, committed when he was still in office.
Kanyankore is also accused of ordering processing of a loan to Good Harverst and Primary School yet he knew that this school allegedly had no capacity to payback.
“I was ordered by my boss Kalema Juvenal,” one of the witnesses testified in court explaining how the loan to the school was processed.
The remaining four witnesses will testify on March 29th.
Kanyankore could face up to 7 years in prison as stipulated in the article 8 of the penal code.
Subject to provisions of this article; “any person in charge of providing service to people who makes a decision based on favoritism, friendship, hatred, acquaintances or nepotism to any person who seeks a service, commits an offence.”
Upon conviction, he/she is liable to imprisonment for a term of more than five (5) years but not more than seven (7) years with a fine of not less than one million Rwandan francs (Rwf1,000,000) but not more than two million Rwandan francs (Rwf2,000,000).