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.

COMMENTS

WORDPRESS: 17
  • comment-avatar
    ninyuki 5 years

    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.

  • comment-avatar
    Jerry 5 years

    Monkeynastics.

  • comment-avatar
    Dc 5 years

    Monky business

  • comment-avatar
    Muhammad El Sheikh 5 years

    Strange but true……………………………………

  • comment-avatar
    Muhammad El Sheikh 5 years

    Strane but true

  • comment-avatar
    chishala 5 years

    stop being tribe, God will punish u

  • comment-avatar
    Dora Siliya 5 years

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

  • comment-avatar
    CLIVE 5 years

    stupid general. the chap is half baked

  • comment-avatar
    Lot 5 years

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

  • comment-avatar
    IO 5 years

    dull

  • comment-avatar
    IO 5 years

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

  • comment-avatar
    brown mwimpangubo 5 years

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

  • comment-avatar
    fundist 5 years

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

  • comment-avatar

    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

  • comment-avatar
    Retired crook 5 years

    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.

  • comment-avatar
    Seed Inspector 5 years

    But why?

  • comment-avatar

    Good for him.