Money-laundering suspects get N$1.5m bail

Three suspects implicated in the massive fraud and money-laundering case involving N$3.5 billion were today granted bail of N$1.5 million each in the Windhoek Magistrate’s Court.
Chinese nationals Huizhong Tao and Huan Jinrong as well as Namibian businessman Laurentius Julius were granted bail by
magistrate Sebby Alweendo Venatius. Both Huizhong and Huan are represented by prominent lawyer Sisa Namandje, while Louis Botes is representing Julius.

STAFF REPORTER