Jack Huang gets N$1 million bail
Jack Huang gets N$1 million bail

Jack Huang gets N$1 million bail

Fred Goeieman
Influential Chinese businessman Jack Huang has been granted bail of N$1 million, just a day after he was arrested by the Namibian police in connection with the N$3.5 billion tax evasion, fraud and money-laundering case before the Windhoek Magistrate’s Court. Huang was arrested at the Hosea Kutako International Airport on Wednesday where he was preparing to board a plane to Angola, where he allegedly has numerous business interests. Magistrate Ruben Mutuku granted the N$1 million bail on condition that the accused report between Monday and Friday once a week at the Windhoek Police Station and ordered that if he is not in Windhoek he must do so at the nearest police station. Huang is represented by prominent lawyer Sisa Namandje.

FRED GOEIEMAN


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Namibian Sun 2024-05-04

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 301.81/OZ DOWN -0.0011 | Copper US$ 4.53/lb UP +1.46% | Zinc US$ 2 924.30/T DOWN -0.08% | Brent Crude Oil US$ 83.49/BBP DOWN -0.0105 | Platinum US$ 955.87/OZ UP +0.28% Sport results: Premier League: Brentford 0 vs 0 Fulham | Sheffield United 1 vs 3 Nottingham Forest | Burnley 1 vs 4 Newcastle | Arsenal 3 vs 0 Bournemouth | Luton Town 1 vs 1 Everton | Chelsea 2 vs 0 Tottenham Hotspur LaLiga: Real Madrid 3 vs 0 Cadiz | Real Sociedad 2 vs 0 Las Palmas | Getafe 0 vs 2 Athletic Club SerieA: Monza 2 vs 2 SS Lazio | Torino 0 vs 0 Bologna European Championships Qualifying: Plymouth Argyle 1 vs 0 Hull City | Birmingham City 1 vs 0 Norwich City | Coventry City 1 vs 2 Queens Park Rangers | Stoke City 4 vs 0 Bristol City | Swansea City 0 vs 1 Millwall FC | Leeds United 1 vs 2 Southampton | Ipswich Town 2 vs 0 Huddersfield Town | Sunderland 0 vs 2 Sheffield Wednesday | Rotherham United 5 vs 2 Cardiff City | Middlesbrough 3 vs 1 Watford | Leicester City 0 vs 2 Blackburn Rovers | West Bromwich Albion 3 vs 0 Preston North End English Championship: Plymouth Argyle 1 vs 0 Hull City | Birmingham City 1 vs 0 Norwich City | Coventry City 1 vs 2 Queens Park Rangers | Stoke City 4 vs 0 Bristol City | Swansea City 0 vs 1 Millwall FC | Leeds United 1 vs 2 Southampton | Ipswich Town 2 vs 0 Huddersfield Town | Sunderland 0 vs 2 Sheffield Wednesday | Rotherham United 5 vs 2 Cardiff City | Middlesbrough 3 vs 1 Watford | Leicester City 0 vs 2 Blackburn Rovers | West Bromwich Albion 3 vs 0 Preston North End Weather: Katima Mulilo: 13° | 32° Rundu: 12° | 31° Eenhana: 14° | 33° Oshakati: 15° | 32° Ruacana: 16° | 33° Tsumeb: 15° | 30° Otjiwarongo: 13° | 29° Omaruru: 12° | 31° Windhoek: 12° | 27° Gobabis: 15° | 28° Henties Bay: 15° | 21° Wind speed: 28km/h, Wind direction: S, Low tide: 06:39, High tide: 12:59, Low Tide: 18:48, High tide: 01:14 Swakopmund: 15° | 17° Wind speed: 34km/h, Wind direction: S, Low tide: 06:37, High tide: 12:57, Low Tide: 18:46, High tide: 01:12 Walvis Bay: 16° | 24° Wind speed: 39km/h, Wind direction: S, Low tide: 06:37, High tide: 12:56, Low Tide: 18:46, High tide: 01:11 Rehoboth: 13° | 28° Mariental: 16° | 31° Keetmanshoop: 16° | 31° Aranos: 14° | 29° Lüderitz: 15° | 27° Ariamsvlei: 15° | 32° Oranjemund: 13° | 22° Luanda: 24° | 28° Gaborone: 14° | 28° Lubumbashi: 12° | 26° Mbabane: 14° | 30° Maseru: 10° | 24° Antananarivo: 11° | 23° Lilongwe: 15° | 28° Maputo: 18° | 31° Windhoek: 12° | 27° Cape Town: 14° | 19° Durban: 19° | 26° Johannesburg: 15° | 25° Dar es Salaam: 22° | 28° Lusaka: 15° | 28° Harare: 13° | 28° Economic Indicators: Currency: GBP to NAD 23.17 | EUR to NAD 19.9 | CNY to NAD 2.54 | USD to NAD 18.5 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.64 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 133.95 | USD to AOA 834.06 | USD to BWP 13.64 | USD to EGP 47.9 | USD to KES 133.98 | USD to NGN 1379 | USD to ZAR 18.5 | USD to ZMW 27.1 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 76428.31 Up +0.50% | Namibian Stock Exchange (NSX) Overall Index 1700.24 Up +0.45% | Casablanca Stock Exchange (CSE) MASI 13403.47 Up +0.61% | Egyptian Exchange (EGX) 30 Index 26113.71 Up +6.81% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 301.81/OZ DOWN -0.0011 | Copper US$ 4.53/lb UP +1.46% | Zinc US$ 2 924.30/T DOWN -0.08% | Brent Crude Oil US$ 83.49/BBP DOWN -0.0105 | Platinum US$ 955.87/OZ UP +0.28%