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Financial Misconduct

2 Results / Page 1 of 1

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Namibia

Mulunga Accused of Concealing N$53m Fuel Deal.

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.  

today6 August, 2025

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Business / Economics

No Bail for Namcor Corruption Suspects as companies join the list

Entities connected to the N$480 million Namcor corruption case face fresh scrutiny as eight people implicated were denied bail in the Windhoek Magistrate’s Court on Thursday. Magistrate Olga Muharukua presided over arguments after the Anti-Corruption Commission made the arrests. The group will attempt another bail bid on Monday, 14 July. Willem Snyman  for NewsOnOne:  

today11 July, 2025