Friday, October 30, 2020

CEO of Namibian state fishing firm Fishcor suspended in ‘fishrot’ scandal


Namibia’s state-owned fishing firm Fishcor has suspended its chief executive following media reports that he and other government officials conspired with Iceland’s biggest fishing company to receive kickbacks in exchange for fishing rights.

Fishcor Acting Chairperson Bennet Kangumu told Reuters on Tuesday that CEO Mike Nghipunya had been sent home a week ago, following international and local media reports that he was involved in the scandal.

“We placed him (Nghipunya) on leave to allow preliminary investigations,” Kangumu said referring to investigations by Fishcor.

Fishcor has not previously commented on any role its officials might have played in the scandal.

Reuters was unable to contact Nghipunya for comment.
- Advertisement -

Two former ministers have been arrested and charged, accused of conspiring with Icelandic fishing company Samherji to receive payments worth millions of dollars in exchange for horse mackerel fishing quotas.

Samherji and the former ministers, Bernhardt Esau and Sakeus Shanghala, have all denied wrongdoing.

Esau, the then fisheries minister, allegedly stripped some private companies of fishing quotas. Fishcor officials, according to the media reports, passed the quotas on to Samherji in exchange for corrupt payments.

The charges against Esau and former justice minister Shanghala, along with four others implicated in the scandal, state they solicited, accepted or agreed to accept 100 million Namibian dollars ($6.8 million) from Samherji’s Namibian subsidiaries from 2014-19 to secure quotas.


- Advertisement -

Source: Reuters


FirstEnergy fires CEO, other executives over Ohio bribery scandal

FirstEnergy Corp. has fired its CEO amid multiple federal investigations related to an Ohio nuclear bailout law passed year. The Akron-based utility company announced in a...

Ukraine’s court strips critical power from anti-corruption agency

Ukraine's Constitutional Court has stripped the country’s anti-corruption agency of some of its critical powers. The high court’s ruling published on October 28 declared it...

Former South Korean President Lee Myung-bak sent back to prison for 17 years in corruption case

Former South Korean president Lee Myung-bak was ordered back to prison on Thursday (Oct 29) as the country's Supreme Court upheld a 17-year jail...

Nigerian court declines to issue international arrest warrant for fugitive ex-Petroleum Minister in corruption case

The Abuja Division of the Federal High Court, on Wednesday, refused an application by the Economic and Financial Crimes Commission, EFCC, for an arrest...

South Korea’s former Vice Justice Minister sentenced to jail for bribery and sexual favors

Former Vice Justice Minister Kim Hak-eui, the figure at the center of one of Korea’s biggest political sex scandals, was placed under pretrial detention...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World


Latest News

This Week

Greek ex-minister Tsochadzopoulos, wife sentenced for money laundering

Former minister Akis Tsochadzopoulos, his wife and his cousin were found guilty of money laundering by a criminal appeals court on Tuesday. Each was served...

Judge opposed dismissal of bribery charge against former Portage mayor Synder

A judge denied Thursday two motions to dismiss a soliciting bribes charge former Portage Mayor James Snyder will be retried on, according to court...

Former DEA spokesman sentenced to 7 years for posing as CIA agent to scam $4 million

A former spokesman for the Drug Enforcement Administration (DEA) was sentenced to 7 years in prison Wednesday for posing as a CIA agent on...

Swiss court upholds money-laundering conviction of ex-Ukrainian lawmaker Martynenko

A Swiss court has upheld the conviction of former Ukrainian lawmaker Mykola Martynenko for laundering via Swiss banks millions of dollars worth of kickbacks...

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks