Nored's multi-million dollar fraudsters remain free

05 Feb 2016 16:10pm
ONGWEDIVA, 04 FEB (NAMPA) – Suspects in a multi-million-dollar fraud reportedly committed at the Northern Regional Electricity Distributor (Nored) over the past two years, are yet to be arrested.
Inspector Slogan Matheus of the Namibian Police Force (NamPol)’s Public Relations Division confirmed this to Nampa on Wednesday.
“Police investigations are at an advanced stage and the people suspected of the alleged fraud have been interviewed,” Matheus pointed out.
He said the case docket will be sent to the Office of the Prosecutor-General (PG) once police investigations are completed.
The PG’s office will decide whether to prosecute or not.
Nored is an electricity distributing company in northern Namibia.
The fraud took place between July 2014 and September last year when four officials allegedly embezzled N.dollars 6 million of the company’s money generated from its sale of electricity and other services.
“A criminal case has been instituted against the four employees and the investigations are ongoing; no arrests have been made yet,” chairperson of Nored Board of Directors, Sacky Kayone said while addressing the company's 13th annual general meeting (AGM) in the Kavango East Region on 03 December.
“So far two employees have been suspended but have subsequently assumed duty after the completion of the internal investigation,” Kayone stated in his chairperson’s annual report during the said AGM.
Another two suspected Nored employees, Kayone said, have resigned with immediate effect after they were served with suspension letters.
Meanwhile, some Nored staff members earlier this week approached Nampa to register their disappointment with the manner in which both the police and the company’s Board of Directors are handling the case.
The staff members believe the police and Nored directors are handling the case without urgency or seriousness.
“The company has lost such a large amount of money, which warrants urgent investigations and an immediate arrest of the suspects. Some of us are surprised to learn about reluctance on the part of the Board and NamPol,” noted the concerned Nored staff members who chose to remain unnamed.