N$480 000 FNB fraud suspect denied bail
NEWS IN SHORT
Vaino Shaanika (27), accused of defrauding First National Bank (FNB) of nearly N$480 000 under false pretences, has been denied bail following his first appearance in the Ondangwa Magistrate’s Court yesterday.
Following his arrest on 27 March, Shaanika was charged with fraud, with an alternative count of theft, as well as a second count under POCA for the acquisition, possession or use of proceeds from unlawful activities. He is accused of impersonating Andreas Kalumbu to obtain the funds between 24 December 2024 and 3 February.
Shaanika informed the court that he intends to seek private legal representation. The court denied bail after the State argued that the seriousness of the offence, along with the risk of witness interference and obstruction of investigations, warranted his continued detention. The case has been postponed until 25 September for further investigations.
- Rita Kakelo
Following his arrest on 27 March, Shaanika was charged with fraud, with an alternative count of theft, as well as a second count under POCA for the acquisition, possession or use of proceeds from unlawful activities. He is accused of impersonating Andreas Kalumbu to obtain the funds between 24 December 2024 and 3 February.
Shaanika informed the court that he intends to seek private legal representation. The court denied bail after the State argued that the seriousness of the offence, along with the risk of witness interference and obstruction of investigations, warranted his continued detention. The case has been postponed until 25 September for further investigations.
- Rita Kakelo
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