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THE embattled Zimbabwean banker Enock Kamushinda and minority shareholder in Namibia's liquidated SME Bank, finds himself entangled in a payment dispute with the bank's liquidators. Initially agreeing to repay N$140 million (equivalent to approximately $9.2 million USD) of the N$247 million stolen from the bank, Kamushinda has only remitted N$3 million ($197,500 USD) and is…
%%title%% %%sep%% %%primary_category%% %%sep%% %%sitename%% %%sep%% … Kamushinda only paid back N$3m of N$247m stolen from SME Bank
NAMIBIAN authorities say they are “meticulously examining” documents relating to the looting of the Small and Medium Enterprises (SME) Bank of about N$247 million (about US$15 million) to determine whether any criminal activities and Zimbabwean businessman Enoch Kamushinda (pictured) contributed to the bank’s collapse in 2017. BY NATHAN GUMA The country’s courts have said Kamushinda…
Two directors of a Namibian accounting firm are due to be appointed as the new curators to administer the assets of accused in the Fishrot fishing quotas fraud and corruption case placed under a restraint order in terms of the Prevention of Organised Crime Act.
High Court judge Orben Sibeya will in about two weeks’ time give a ruling on the appointment of new curators to administer the assets of accused in the Fishrot fishing quotas fraud and corruption case that have been placed under a restraint order.