Safety and Security Minister Frans Kapofi said the August 26 fraud case is complex and proving hardship to investigators.Kapofi noted this in parliament on Thursday while responding to questions by Popular Democratic Movement parliamentarian Nico Smit …
Safety and Security Minister Frans Kapofi said the August 26 fraud case is complex and proving hardship to investigators.
Kapofi noted this in parliament on Thursday while responding to questions by Popular Democratic Movement parliamentarian Nico Smit who wanted to know why people involved in the case have not been arrested.
A case of fraud, theft, tax evasion and money laundering pertaining to the affairs of August 26 was opened in July 2018. It was reported that the company’s then finance manager and his wife allegedly looted money from August 26 textile and Garment Factory and squandered it on vehicles and houses.
While the two have not been arrested, the high court in December 2020 instructed the state to attach five vehicles and a Walvis bay home under the couple’s name. Other properties bought with a bank could not be attached.
Smit accused police of deliberately attempting to protect those involved specifically the couple from being arrested and facing full might and length of the law.
Kapofi, however, clarified that the case is complex and while initial investigations into N.dollars 14 million which was allegedly defrauded from August 26 was lodged, it is becoming clear through the on-going document-intensive investigations for the period 2011 to 2019 that the amount is higher.
He said investigations also extend to foreign jurisdictions and the collection of evidence from foreign jurisdictions is still ongoing.
“Due to the complexity of the investigations, a forensic report on the finances of August 26 is an absolute necessity. A private accounting firm was approached to carry out the forensic investigation, this has not been finalised,” he explained adding that it thus cannot, by any stretch, be insinuated that the Police have not been working diligently on the case.
He said the case is still under investigation and when the time is opportune, and if evidence so dictates, then a shift to a higher gear of law will happen.
“This is an important case and the Police are carefully gathering and considering the evidence,” Kapofi said.
Source: Namibia Press Agency