Former NAMCOR Managing Director Immanuel Mulunga told the court that one of the reasons he lost his job was due to an error in the reallocation of funds used to purchase assets from Enercon for N$53 million.
Former NAMCOR Managing Director Immanuel Mulunga has denied allegations that he received a luxury Audi vehicle worth over N$3 million from businessman Victor Malima in exchange for facilitating fuel supplies to Malima's company, Eco Trading.
Defence lawyer Sisa Namandje concluded his case in the bail application of Malakia Elindi, his wife Lydia, and brother Peter Elindi, who are accused of fraud, money laundering, and other charges in connection with the NAMCOR fuel supply deal.
The Windhoek Magistrate's Court continues to hear evidence in the bail application involving former NAMCOR executives and directors of Enercon, following the disputed N$53 million fuel supply transaction linked to the Ministry of Defence.
Magistrate Linus Samanzula has postponed the bail hearing for the nine people charged in the NAMCOR matter to tomorrow. Some of the accused filed their bail applications on Monday, but the hearing could not proceed as planned.
Malakia Elindi, one of the accused in the alleged NAMCOR fuel corruption case, took the witness stand on Thursday after his brother Peter Elindi completed his testimony.
He submitted a financial declaration showing assets worth more than N$113 million.
The state has outlined the money trail of N$9 million allegedly distributed among several individuals following a $53 million payment by NAMCOR to Enercon for the purchase of nine fuel stations.
The number of charges in the ongoing NAMCOR corruption case has risen to 71.
However, the state has not yet fully disclosed all documents to the legal representatives of the accused.
A bail application for several of the eight individuals accused in the high-profile Namcor multi-million dollar corruption case is set to be heard in the Windhoek Magistrates' Court on Monday.
The Anti-Corruption Commission (ACC) has confirmed the arrest of a ninth suspect in the ongoing multi-million-dollar corruption scandal involving the National Petroleum Corporation of Namibia.
