Namibia: Amushelelo loses foreign currency investment scheme assets – Africa Links 24

Assets linked to an investment scheme that was operated by activist Michael Amushelelo have been declared forfeited in terms of Namibia’s Prevention of Organised Crime Act.

Eight motor vehicles and money in 13 bank accounts make up the assets that Windhoek High Court judge Thomas Masuku declared forfeited to the state on Friday.

Prosecutor general Martha Imalwa asked the court to declare the cars and funds in bank accounts of a trust and five corporate entities controlled by…