The Prosecutor General has slapped forex traders turned politicians Michael Amushelelo and his co-accused associate Gregory Cloete with a final warning for the violation of their bail conditions

Unapologetic forex traders hauled for violating bail conditions

Unapologetic forex traders hauled for violating bail conditions

Obrein Simasiku The Prosecutor General has slapped forex traders turned politicians Michael Amushelelo and his co-accused associate, Gregory Cloete, with a final warning for the violation of their bail conditions. They are on bail of N$35 000 each, over charges relating to a N$17 million suspected ponzi scheme they operated since 2015 until their arrest in October 2019. In a notice to their Lawyer Kadhila Amoomo, the Prosecutor General’s Chief Legal Clerk, issued a final warning to the duo, saying that they allegedly violated condition number 3 of their bail, which requires them to seek ‘prior authorization’ from the investigating…
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