High Court overturns bail refusal in Namcor fraud case
Windhoek High Court judges found that a magistrate misdirected himself in refusing bail to six individuals accused in a purported N$400 million fraud at Namcor, citing selective assessment of evidence and failure to consider individualised circumstances and mitigating bail conditions. The six appellants—Peter and Malakia Elindi, Immanuel Mulunga, Olivia Dunaiski, Leo Nandago, and Jennifer Hamukwaya—were granted bail ranging from N$20,000 to N$50,000, subject to travel restrictions and regular reporting requirements.
30 March 2026 · New Era →