insert_link Namibia Elindi in Hot Water Over N$9.5m Fuel Transfer In the N$480 million NAMCOR corruption case, prosecutors allege that former Enercon chairperson Peter Elindi failed to account for a N$9.5 million transfer to Eco Trading, a company linked to fugitive businessman Victor Malima. According to NewsOnOne’s Willem Snyman, the transaction followed NAMCOR’s N$53 million purchase of military-base fuel stations from Enercon and is believed to be part of a wider public funds laundering scheme. today18 July, 2025
insert_link 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
