Africa Links 24 with Envaalde Matheus
Published on 2024-07-11 17:00:00
Political parties have demanded that liquidators disclose how they spent N$100 million to recover N$130 million siphoned from the SME Bank.
This comes after liquidators Ian McLaren and David Bruni revealed on Tuesday that they recovered N$130 million, but spent N$100 million of it to trace the funds through forensic investigations and lawyers.
In total, about N$257 million is suspected to have been lost through an internally orchestrated heist at the bank.
The heist mastermind is…
Read the Full article on The Namibian
