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'Strike Fishrot case from the court roll'
'Strike Fishrot case from the court roll'

'Strike Fishrot case from the court roll'

Ogone Tlhage
OGONE TLHAGE

WINDHOEK



Trevor Brockerhoff, the lawyer representing former Investec manager Ricardo Gustavo, has asked the Windhoek Magistrate's Court to consider striking the Fishrot matter from the court roll, arguing there is no certainty when the Anti-Corruption Commission will reasonably conclude its investigations.

Gustavo and his co-accused, former fisheries minister Bernhardt Esau, former justice minister Sacky Shanghala, former Investec CEO James Hatuikulipi, businessman Tamson Hatuikulipi and Hanganeni employee Pius Mwatelulo, were in court again yesterday.

They stand accused of fraud, bribery, money laundering and conspiring to commit corruption for their alleged involvement in a scheme to benefit financially from the allocation of Namibian fishing quotas to Namgomar Pesca Namibia, of which Gustavo is the sole director. Namgomar had a horse-mackerel fishing quota in Namibia as well as a catching agreement with an Icelandic-owned company that allegedly paid more than N$103 million in kickbacks to companies owned by the accused.



Prejudiced

Brockerhoff argued that the State's conduct was prejudiced and highly malicious.

He argued that the State could not be bothered about the pace at which the case was moving, saying that investigations into alleged corrupt practices emanated from 2014. According to the lawyer, it could take between six months and three years to conclude investigations.

“If we wait for the State to get its house in order, my client's life will be destroyed beyond repair,” Brockerhoff told Magistrate Vanessa Stanley, who was presiding over the matter. The lawyer further informed the court that Gustavo had suffered financial losses and that commercial banks had foreclosed on his properties, adding his children now had to live with family members. Gustavo has no source of income, Brockerhoff said. He told the court his client had been ostracised, adding the fact that Gustavo and his co-accused had been arrested on the day of the national elections last year was peculiar.

Stanley remanded the matter to Monday for a ruling.

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Namibian Sun 2024-04-25

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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$ 2 332.04/OZ UP +0.68% | Copper US$ 4.50/lb UP +1.36% | Zinc US$ 2 853.10/T UP 1.67% | Brent Crude Oil US$ 87.47/BBP DOWN -0.006 | Platinum US$ 909.18/OZ UP +0.78% Sport results: Premier League: Manchester United 4 vs 2 Sheffield United | Everton 2 vs 0 Liverpool | Crystal Palace 2 vs 0 Newcastle | Wolves 0 vs 1 Bournemouth | Arsenal 5 vs 0 Chelsea LaLiga: Sevilla 2 vs 1 Mallorca SerieA: AC Milan 1 vs 2 Inter Milan | AS Roma 1 vs 3 Bologna European Championships Qualifying: Coventry City 2 vs 3 Hull City | Leicester City 5 vs 0 Southampton | Middlesbrough 3 vs 4 Leeds United English Championship: Coventry City 2 vs 3 Hull City | Leicester City 5 vs 0 Southampton | Middlesbrough 3 vs 4 Leeds United Weather: Katima Mulilo: 15° | 34° Rundu: 15° | 34° Eenhana: 15° | 35° Oshakati: 17° | 34° Ruacana: 17° | 35° Tsumeb: 18° | 33° Otjiwarongo: 14° | 31° Omaruru: 17° | 34° Windhoek: 15° | 29° Gobabis: 17° | 31° Henties Bay: 15° | 21° Wind speed: 22km/h, Wind direction: S, Low tide: 10:02, High tide: 04:02, Low Tide: 22:08, High tide: 16:27 Swakopmund: 15° | 16° Wind speed: 27km/h, Wind direction: SW, Low tide: 10:00, High tide: 04:00, Low Tide: 22:06, High tide: 16:25 Walvis Bay: 15° | 23° Wind speed: 35km/h, Wind direction: SW, Low tide: 10:00, High tide: 03:59, Low Tide: 22:06, High tide: 16:24 Rehoboth: 16° | 31° Mariental: 19° | 32° Keetmanshoop: 19° | 32° Aranos: 20° | 33° Lüderitz: 14° | 25° Ariamsvlei: 18° | 31° Oranjemund: 14° | 21° Luanda: 26° | 29° Gaborone: 18° | 31° Lubumbashi: 12° | 26° Mbabane: 15° | 20° Maseru: 12° | 26° Antananarivo: 14° | 26° Lilongwe: 14° | 27° Maputo: 20° | 27° Windhoek: 15° | 29° Cape Town: 16° | 24° Durban: 18° | 23° Johannesburg: 18° | 25° Dar es Salaam: 23° | 26° Lusaka: 18° | 29° Harare: 15° | 29° Economic Indicators: Currency: GBP to NAD 23.74 | EUR to NAD 20.39 | CNY to NAD 2.63 | USD to NAD 19.03 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.34 | EGP to NAD 0.39 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.72 | ZWL to NAD 0.04 | BRL to NAD 3.72 | RUB to NAD 0.21 | INR to NAD 0.23 | USD to DZD 134.41 | USD to AOA 834.06 | USD to BWP 13.85 | USD to EGP 47.85 | USD to KES 134.48 | USD to NGN 1277.03 | USD to ZAR 19.03 | USD to ZMW 26.4 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 74513.94 Up +0.68% | Namibian Stock Exchange (NSX) Overall Index 1545.38 Up +1.53% | Casablanca Stock Exchange (CSE) MASI 13281.24 Up +0.26% | Egyptian Exchange (EGX) 30 Index 25917.59 Down -3.21% | 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$ 2 332.04/OZ UP +0.68% | Copper US$ 4.50/lb UP +1.36% | Zinc US$ 2 853.10/T UP 1.67% | Brent Crude Oil US$ 87.47/BBP DOWN -0.006 | Platinum US$ 909.18/OZ UP +0.78%