Namibian authorities have called in the help of South African authorities to trace people who are suspected of having conned state companies out of at least R130-Â million of public funds under the guise of being investment managers. A Namibian newspaper reported that the Namibia Financial Institutions Supervisory Authority has asked the Scorpions, for assistance in its search for the Namibian money.
A string of unrealised multimillion-rand investments with shady financial traders based in South Africa has left some Namibian state-owned companies embarrassed by the fact that they may have been conned into signing away at least R130-million in public funds.
A debate about the "sugar daddy" concept is raging in Namibia after a 17-year-old schoolgirl killed herself over a love affair with the number two officer in the Namibian police.