Latest / Namibia News Today | 2 Min News | The Daily News Now!
Namibian Couple’s Funds Frozen Over $49M | Namibia News
Namibia has frozen over 49 million Namibian dollars in bank accounts linked to Jacobus and Elza Jordaan amid allegations they funneled illegal coal mining proceeds from South Africa into Namibian accounts. The funds, tied to eight accounts including those of their farming company and a trust, are now locked by court order after forensic evidence showed suspicious transfers between June and December last year. Prosecutors accuse the couple of laundering stolen coal revenue — which belongs to the South African government — while the Jordaans claim the money came from a legitimate shares sale…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.