Six individuals charged with defrauding Namcor are appealing a magistrate's refusal of bail, with their legal representatives arguing that the magistrate selectively assessed evidence in favour of the investigation officer while overlooking material facts and the accused's own concessions. The appellants contend the magistrate failed to properly consider disputed issues including the strength of the state's case and individual circumstances of each accused.
13 February 2026 · New Era →
In an ongoing bail appeal, Boris Isaacks, representing former Namcor managing director Immanuel Mulunga, argues that the magistrate erred in denying bail because there is no evidence of actual bribe payments to his client—only that Mulunga briefly drove a luxury vehicle registered to his cousin. Isaacks contends the prosecutor failed to demonstrate how Mulunga's release would prejudice public interest, and asks the court to grant bail at N$50,000.
13 February 2026 · Informanté →
A legal representative for two accused in the Namcor fraud case has appealed their bail denial before the High Court, arguing that the Magistrate failed to weigh evidence fairly and ignored concessions by the investigating officer that the accused posed no flight risk or public danger. The case involves allegations that ex-Namcor employees and private business owners conspired to defraud the state oil entity of over N$400 million through bogus asset deals.
13 February 2026 · Informanté →