Five nabbed for allegedly defrauding MoF of N$2 million

29 Dec 2016 12:40pm
WALVIS BAY, 29 DEC (NAMPA) – The Namibian Police Force (NamPol) at Walvis Bay on Tuesday arrested five people in connection with alleged fraud of more than N.dollars 2 million from the Ministry of Finance’s Inland Revenue Department.
More arrests are expected as there are reportedly 21 people involved in the scam.
The five include a taxation officer and a cleaner from that department.
They are expected to appear in the Walvis Bay Magistrate’s Court this week.
The main suspect, a female senior taxation officer, is on the run, NamPol Detective Chief Inspector at Walvis Bay Erastus Iikuyu told Nampa on Thursday.
The fraud incident report indicates that between 01 April 2013 and November 2016, four employees of the Ministry of Finance defrauded the ministry by creating fake Pay as You Earn (PAYE) certificates in the names of relatives and friends.
PAYE is a system of income tax payment that requires employers to deduct income tax from each pay cheque of employees. Employers must then remit the deducted amount to Government through the Inland Revenue Department.
“About 21 accomplices processed the certificates resulting in undeserved tax refund of N.dollars 2 220 781.16,” reads the incident report.