Ex-Namibian army commander keeping corruption money in Standard Chartered Zambia

Martin Shalli

Former Namibian Defence Force commander Martin Shalli is keeping about US $500, 000 suspected corruption proceeds in a Zambian bank.

According to Namibian media, Shaili’s account at Standard Chartered Bank in Lusaka has since been frozen by the Namibian government.

The Prosecutor General (PG) of Namibia obtained a preservation order over the money in Shalli’s Zambian account in the High Court on September 30, 2011.
The Namibia government explained that the account was the proceeds of crime, namely corruption, money laundering and offences under the Income Tax Act.

An amount of US$359 526,27 (about N$2,8 million) was in the Zambian account when the PG obtained the preservation order last year.
A State-owned Chinese company, Poly Technologies Incorporated (Poly Tech), paid a total of US$499 950 (about N$3,8 million) into Shalli’s Zambian bank account through two deposits of US$249 975 each in October 2008 and February 2009 respectively.
At the time that the money was paid into Shalli’s account, Poly Tech had a contract to supply military equipment valued at US$126,4 million.
An allegation has been made that the company inflated the prices it was asking for the equipment it supplied.

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17 Responses to "Ex-Namibian army commander keeping corruption money in Standard Chartered Zambia"

  1. ninyuki   February 28, 2012 at 21:16

    The Chinese….AGAIN. When will we learn that if we don’t take control of our resources, our nations, our future, someone from East Asia will do it for us.

  2. Jerry   February 28, 2012 at 13:16


  3. Dc   February 25, 2012 at 18:17

    Monky business

  4. Muhammad El Sheikh   February 25, 2012 at 13:50

    Strange but true……………………………………

  5. Muhammad El Sheikh   February 25, 2012 at 13:48

    Strane but true

  6. chishala   February 25, 2012 at 06:39

    stop being tribe, God will punish u

  7. Dora Siliya   February 24, 2012 at 21:59

    Lol IO.ati the nearer the country the faster the withdrawal. Lol. Uv made my day

  8. CLIVE   February 24, 2012 at 21:49

    stupid general. the chap is half baked

  9. Lot   February 24, 2012 at 21:34

    Utu tu ma Chinese nato twacha manje, nu twa ma fast forward maningi!

  10. IO   February 24, 2012 at 21:07


  11. IO   February 24, 2012 at 21:07

    He is dull. He thought the near the country the faster he can withdraw.

  12. brown mwimpangubo   February 24, 2012 at 19:59

    Bemba mentality of stealing wherever they are, now stealing our land in Tongaland… waanya we will reverse it whether u like it or not…

  13. fundist   February 24, 2012 at 19:36

    Dull, why didn’t you use off shore banking. Mu duuze bangaleke kukugwila sure. Sityopeti

  14. CHANDA NICK   February 24, 2012 at 19:18

    why didn’t you use my account. okay from today anyone who is a plander is free to put his money in my account.I’ll keep your money safe. I told even liato same thing today he has lost all billions

  15. Retired crook   February 24, 2012 at 19:07

    Shalli, you should have used your influence to make allies in Columbia. Now you’ll be grilled more than you grilled you recruits my friend. Too bad for you.

  16. Seed Inspector   February 24, 2012 at 18:58

    But why?

  17. Katubi   February 24, 2012 at 18:31

    Good for him.