Meatco raises fraud allegation against former CEO to N$7.5 million
Meatco has revised its claim that former Chief Executive Officer Patrick Liebenberg misappropriated funds, increasing the alleged amount from N$6.1 million to N$7.5 million after uncovering additional irregular transactions. The revised claim details approximately 11 irregular transactions including cattle sales recorded as imaginary transactions and inflated transactions where the surplus allegedly went to Liebenberg's pockets.
Meatco's revised N$7.5 million fraud allegation against its former CEO reveals systematic misappropriation and institutional oversight failures.
11 June 2026 · Informanté →