Asset Mismanagement

Anti-Corruption Commission lead investigator Oberty Inambao has alleged that former Namcor managing director Immanuel Mulunga hid the full details of a N$53 million fuel asset transaction with Enercon from the company’s board, even though he was fully aware of the deal, according to NewsOnOne’s Envaalde Matheus. The transaction is linked to a larger N$480 million corruption scandal involving several entities.