Corruption in Namibia's fishing industry unveiled

  • 📰 News24
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 80%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Several figures close to Namibian President Hage Geingob have been filmed discussing the laundering of political contributions, an Al Jazeera investigation has revealed.

Posing as Chinese investors, Al Jazeera journalists attempted to enter the Namibian fishing industry to acquire highly lucrative fishing quotas for a proposed joint-venture with Namibian fishing company Omualu.

Under the instructions of Omualu's managing director Sacky Kadhila-Amoomo, the donation was to be laundered to the SWAPO party, under the guise of a foreign investment in a real-estate. "If you speak to a number of people about that, you will end up … [makes handcuff gesture]," he continued. As Al Jazeera's undercover reporters negotiated a partnership with Omualu, they were asked to make a $500,000 payment and give a 20 percent share of the joint-venture to Mike Nghipunya, CEO of the state-run fishing company Fishcor.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Namibia's president thanks supporters for 're-election' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Namibia's incumbent President Hage Geingob has thanked his supporters for re-electing him, despite the country's Electoral Commission having not yet finalised the results.
Source: SABC News Online - 🏆 32. / 51 Read more »