Also known as: National Fishing Corporation of Namibia
Fishcor — Namibia's state-owned fishing company at center of corruption scandal involving alleged bribery by Icelandic company Samherji between 2012 and 2019.
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January 2026
The Namibian
Fishcorwas owedN$81.8 million in fish quota usage fees allegedly diverted through DHC
Source
“In charges against 10 men awaiting trial in the High Court in connection with the Fishrot scandal, it is alleged that N$81.8 million in fish quota usage fees which were supposed to be paid to the state-owned National Fishing Corporation of Namibia (Fishcor) were channelled through bank accounts of DHC and the company Celax Investments Number One, of which De Klerk was the sole director and shareholder.”
Fishcorfaced allegations thatit spoon-fed with a N$1,8-billion fishing quota deal over 15 years
Source
“In May 2018, after The Namibian detailed allegations that Esau had spoon-fed Fishcor with a N$1,8-billion fishing quota deal over 15 years, Fishcor invited journalists to inspect its N$530 million horse mackerel processing plant at Walvis Bay.”
The Fishrot case has been postponed to 24 April 2026 as former justice minister Sakeus Shanghala pursues leave to appeal a ruling dismissing his request for Judge Marelize du Plessis to recuse herself. Ricardo Gustavo's lawyer argues the repeated delays infringe the accused's right to a speedy trial and violate constitutional rights.
The Fishrot case has been postponed to 24 April 2026 as former justice minister Sakeus Shanghala pursues leave to appeal a ruling dismissing his request for Judge Marelize du Plessis to recuse herself. Ricardo Gustavo's lawyer argues the repeated delays infringe the accused's right to a speedy trial and violate constitutional rights.
A Scottish litigation firm is pursuing a US$1 billion claim against Icelandic fishing company Samherji on behalf of Namibia's state-owned Fishcor, alleging the company used bribes and corruption to obtain fishing quotas between 2012 and 2019. Samherji denies the allegations and says it is defending itself in London courts.
Namibia's Supreme Court has upheld a High Court order preventing those accused in the Fishrot corruption case from accessing forfeited assets, rejecting an appeal by former justice minister Sacky Shanghala, James Hatuikulipi and Pius Mwatelulo. The court found that the Anti-Corruption Commission had proper authority to conduct the investigation and that the restraint order remains valid pending the outcome of the criminal trial, which is scheduled to recommence in March 2026.
Government-appointed curators tasked with seizing assets linked to the Fishrot corruption scandal face legal hurdles and institutional delays in accessing foreign properties owned by suspects, with a February 2025 court order needed to extend seizure powers abroad. The curators report ongoing obstacles including uncooperative banks, missed meetings with defendants, and slow responses from financial institutions, hampering their efforts to catalogue and recover assets valued at over N$317 million.
Acting judge Marilize du Plessis rejected an application by two accused in the Fishrot fraud and corruption case to recuse herself, finding that her factual observations about trial delays did not demonstrate bias and that her acquaintance with two state witnesses would not affect her impartiality.
Ricardo Gustavo, first accused in the Fishrot fraud and corruption case, says a recusal application by former attorney general Sacky Shanghala and James Hatuikulipi against acting judge Marilize du Plessis is intended to delay the trial. The judge is expected to rule on the recusal application on 23 March.
Marén de Klerk, a fugitive lawyer wanted in connection with the Fishrot fraud case, is challenging the Namibian Police's seizure of his N$1.3 million retirement annuity with Sanlam Namibia, arguing the seizure violates the Pension Funds Act and that pension benefits cannot be seized under the Prevention of Organised Crime Act.
Acting judge Marilize du Plessis ruled that former justice minister Sacky Shanghala and two co-accused have been using a strategy to delay their Fishrot fraud, corruption and racketeering trial, which has been pending since October 2021 without witness testimony yet beginning. Du Plessis rejected their postponement applications and ordered the trial to continue, though she granted a brief postponement to allow defence representation time to prepare.