29 Oct 2013 11:50am
KEETMANSHOOP, 29 OCT (NAMPA) A third suspect in the million-dollar NovaNam scam was arrested by the Namibian Police Force (NamPol) at Lüderitz on Friday.
The Principal Medical Officer (PMO) for the Lüderitz Health District, Dr Davies Musonda Nkalamo appeared in the Lüderitz Magistrates Court on Monday, where he was granted bail of N.dollars 7 000.
The 49-year-old Nkalamo, a Zambian citizen, was arrested in connection with the scam in which nine sacked employees of the NovaNam Fishing Company lost a total of N.dollars 1 121 258 in pension money invested with the Old Mutual Pension Fund.
The other two suspects, who are currently on bail, are NovaNam Human Resources Manager David Mwadhina Pokolo, 39, and Jesaya Titus Panduleni, 28.
Pokolo was granted bail of N.dollars 25 000, while Panduleni received bail of N.dollars 7 000 earlier this month.
A police incident report availed to Nampa indicates that the three suspects face charges ranging from fraud and forgery to uttering and money-laundering.
Pension money withdrawals were completed whilst employees were on suspension/dismissals. Claim forms were completed without following the right procedures with intent for financial gain, the police report reads.
The same report also shows that of the N.dollars 1 121 258, an amount of N.dollars 52 611,81 was recovered from the Standard Bank account of a person whose name is known, but who has not been arrested yet.
Another N.dollars 65 000 was recovered from the account of M+Z Motors, allegedly a deposit on a vehicle by Panduleni. A preservation order was placed on these two accounts where the money was recovered.
Speaking to this news agency on Tuesday, the Namibian Police Force (NamPol)s Crime Investigations Co-ordinator for the //Karas Region, Deputy Commissioner Rudolf Isaak said the police are on the trail of the fourth suspect, saying he will be apprehended very soon.
He said more suspects are expected to be added to the list.