NAMCOR probe

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.