Namcor fraud suspects Antindi, Mundjego get bail

Courtroom fallout just got lighter after two relatives in the Namcor cash saga walked out on bail, leaving a missing son still at the center of the mess.

Bail granted in Namcor cash saga

• Martha Antindi and Johanna Mundjego secured N$50 000 bail each.
• Olga Muharukua approved their release in Windhoek Magistrate’s Court.
• Prosecutors did not push back against letting them out.
• Two weeks in police cells ended with that ruling.

Allegations tied to Eco Fuel dealings

• National Petroleum Corporation of Namibia links the probe to Namcor.
• Authorities claim Eco Fuel Investment got N$1.5 million.
• Records show Eco Trading received that cash first.
• Enercon Namibia allegedly routed funds from Namcor Petroleum Trading and Distribution.

Money trail and ownership claims

• Martha Antindi allegedly held half of Eco Fuel Investment.
• Her sister reportedly shared the other 50 percent stake.
• July 2022 transfer allegedly shifted N$1.5 million onward.
• Prosecutors label the payment proceeds from unlawful activity.

Antindi pushes the blame toward Malima

• Victor Malima remains wanted in the wider case.
• Antindi says operational control sat entirely with Malima.
• She admits to signing bank papers without digging into the details.
• According to her affidavit, neither sister knew about dirty money.

Theft charge and salary details

• A theft count centers on N$172 000.
• Antindi believes that sum reflects years of support from her son.
• Mundjego worked as the Eco Fuel Investment Office administrator.
• Pay reportedly ranged between N$3 500 and N$20 000 monthly.

Next court appearance set

• Silas-Kishi Shakumu leads their legal team.
• Raimi Nghipondoka and Nadine Shaamena assist the defense.
• March 19 marks the next joint appearance date.