Amushelelo demands assets back

OGONE TLHAGEWINDHOEKForex trader Michael Amushelelo has made a renewed effort to have assets, which were seized from him, returned.This has been revealed in court applications lodged this week.Amushelelo is also challenging the validity of the warrants used to seize his assets and for investigations related into his conduct as a trader to be set aside.In papers filed, Amushelelo, through lawyers Sisa Namandje Incorporated, requested an order directing the Namibian police and the inspector-general of the Namibian police to return vehicles, cellphones and computers that are in the possession of the police.ChargesAmushelelo and his business partner, Gregory Cloete, are charged in terms of the Banking Institutions Act and the Prevention of Organised Crime Act on four counts, including conducting unauthorised banking business and money laundering.Amushelelo wants these charges set aside as well.They are set to return to court next week on 14 April.Amushelelo has in the past failed to have the charges he faces dismissed and his assets released back to him.In a ruling delivered last November, acting judge Eileen Rakow dismissed an urgent application by Amushelelo against the police, the prosecutor-general, a Windhoek magistrate and the Bank of Namibia, and ordered Amushelelo to pay the legal costs of the respondents in the case.The judge indicated that the application was dismissed because it did not meet the requirements to be heard on an urgent basis.Amushelelo and Cloete are both out on bail of N$35 000 each.

Amushelelo demands assets back

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Namibian Sun 2025-07-02

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Amushelelo demands assets back

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Namibian Sun 2025-07-02

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