Ex-August 26 MD loses High Court enchantment in N.5M fraud dismissal Case

Ex-August 26 MD loses High Court enchantment in N$2.5M fraud dismissal Case

Staff Reporter

SALATIEL Mwanyenga Ntinda, the previous Managing Director of August 26 Logistics, who was dismissed in June 2023 after the disappearance of N$2.5 million from the military-owned entity, has misplaced a court docket case through which he sought to have his dismissal declared illegal and put aside.

This is based on a court docket order handed down by Deputy Judge President Hosea Angula within the Windhoek High Court on 5 November 2024. Justice Angula dismissed the appliance and ordered Ntinda to pay the authorized prices of August 26 Logistics, in addition to these of its Board of Directors and the chairperson of the disciplinary listening to.

PICTURED: August 26 Logistics Pty Ltd military-owned entity. 

An inner investigation final yr discovered Ntinda and the corporate’s former finance supervisor, Karel Nel, responsible of paying N$2.5 million of taxpayers’ funds to a non-public entity, Penda Enterprises, with out authorisation. The Board Chairperson, Major General Petrus Nathinge, who accepted the deal, was additionally eliminated, whereas Chief Financial Officer Kalie Nelie resigned.

The males are alleged to have supplied Penda Enterprises with a N$2.5 million mortgage for a weaponry deal the corporate allegedly held with a overseas agency. It is additional alleged that the mortgage was not authorised by the Board. However, Major General Nathinge maintained that the complete board held a unprecedented assembly on 30 May 2023 and endorsed or ratified the transaction however later reversed the choice attributable to exterior pressures.

August 26 board chair Kelvin Thembikozi mentioned final yr that August 26 Logistics is pursuing Penda Enterprises to get better its funds and that it holds an admission of debt to assist in reclaiming the quantity.

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