Investors’ N$60 billion stolen

Staff Writer

Nampol is investigating a fraud case in which N$ 60 billion was reportedly stolen from the Credit Union of Namibia in December at an unknown date and time.

Khomas police Spokesperson Warrant Silas Shipandeni said that the suspects unlawfully and intentionally took money intended for the investors. He however says the number of suspects is yet to be determined. No money has been recovered and no arrests have been yet as of yet and investigations into the matter continue.

The Chief Executive Officer of the Credit Union, Theron Louie is the complainant.

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