PG seizes Shanghala’s engagement ring

JEMIMA BEUKES WINDHOEKAn engagement ring belonging to former justice minister Sacky Shanghala as well as former Investec manager Ricardo Gustavo’s N$500 000 Rolex watch are among the items and assets of the Fishrot accused persons seized by the prosecutor-general.The granular details of items seized came to a fore when the Fishrot accused suffered yet another setback after the High Court in January extended the interim restraint granted to Prosecutor-General Martha Imalwa to seize their assets to 8 June.The matter has been postponed to that date for a status hearing, and those accused with companies linked to them must file their answering papers by 31 March.The assets seized under this order include properties at Farm Finkestein, a Rolex Sky Dweller watch - which averages a price of US$33 500 (N$502466.50 at yesterday’s exchange rate) – and a Mercedes Benz Bluetec C220 belonging to Gustavo.His assets also include a Tikka Rifle, a Glock pistol, a 14-carat white gold diamond pendant, a nine-carat white gold chain and 14-carat white gold studs as well as cash, which included N$42 200 and US$ 6 812.His bank accounts at First National Bank (FNB) and Standard Bank Namibia have also been frozen. Cars galoreProperty belonging to Tamson Hatuikulipi seized by the Prevention of Organised Crime (POCA) unit includes several houses in Ondangwa, Windhoek, Ongwediva, Swakopmund and Gobabis.Other assets include a Toyota Hilux double cab bakkie, a Land Rover, a Range Rover Sport - number plate JTH NA - several Toyota Quantum busses, a Volkswagen Amarok, three Rolex Datejust 41 watches and a Mercedes Benz sporting the number plate FITLAS NA.A Mercedes Benz (number plate ETH NA) was also seized, while his accounts at Bank Windhoek and FNB – which includes a trust account and a Money Maximiser account – were frozen. Time is moneyMeanwhile, James Hatuikulipi’s seized assets include property in Windhoek, Cape Town and Melkbosstrand in South Africa.Other assets include several Volkswagen sedans, two Mercedes Benz vehicles, a Ford Ranger Wildtrack, a BMW 320i, a Mercedes Benz A250 BE Sport and an Izuzu KB bakkie.The PG’s office also froze several of his bank accounts, including one with the Mashreq Bank in the United Arab Emirates, one with Standard Bank South Africa and another with Point Break investment accounts.James’ assets further included a Ulysse Nardin Michelangelo watch, a Rolex Superlative Chronometer watch, a platinum claw set diamond protea solitaire ring and earring set and a Breitling Navitmar watch, as well as several iPhones and Apple Macbooks.The POCA unit also seized a shotgun and a rifle belonging to the former Fishcor board chairperson.A Grande affairSeized assets owned by Shanghala include luxury cars like a Jaguar XKR-type coupe, a Mercedes Benz MCL430, a Mercedes Benz C209, a Toyota Fortuner, a Land Rover Discovery and a Range Rover 5.0.Apart from the engagement ring, other jewellery seized from the former minister include a Rolex and Bell Ross watch, a Jaquet Droz Grande watch, a Rolex Oyster Perpetual watch as well as a IWC Vintage Pilot watch.Cash seized from Shanghala included 10 250 Ugandan shillings, two Brazilian reals, 750 Kwacha, fifty rupees, Z$10 million and seven Singaporean dollars, while his bank accounts with Standard Bank and Investec Bank were frozen.Further assets included a watch winder, cufflinks, a money clip, one pistol and a shotgun.Farmer recipeFormer fisheries minister Bernhardt Esau’s seized assets included houses at Swakopmund and Windhoek as well as his farm Dakota, a Volkswagen Amarok bakkie, a Mercedez Benz E-Class and a Toyota Land Cruiser. His bank accounts with Nedbank Namibia, Agribank and Standard Bank Namibia were frozen.Furthermore, the bank accounts of Nengomar Pesca were also frozen as well as that of Erongo Clearing and Forwarding CC. - jemima@namibiansun.com

PG seizes Shanghala’s engagement ring

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Namibian Sun 2025-06-19

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PG seizes Shanghala’s engagement ring

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Namibian Sun 2025-06-19

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