HALISTER1: Namibia Police Investigate Criminal Charges Related to SME Bank

Namibia Police Investigate Criminal Charges Related to SME Bank

(Bloomberg) -- Criminal charges have been laid in connection with SME Bank, Sebastian Ndeitunga, the inspector general of the Namibian police, says by phone.
  • Declines to say who is being investigated as police probe ongoing
  • Case of fraud and money laundering has been opened, no one has been arrested yet, police spokesman Kauna Shikwambi says
  • Sisa Namandje, lawyer for axed SME Bank CEO Tawanda Mumvuma, former Finance Manager Joseph Banda and ex-Treasury Manager Alec Gore, says he is “not aware of such charges” when phoned for comment
  • NOTE: March 1, Namibia’s Central Bank Takes Over Control of SME Bank Link

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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