The Namibian -·3 min read·medium
Court orders Elindi brothers to pay N$28m to DBN
T
Theonista Baily
✦AI Summary
A Namibian High Court judge has ordered the Elindi brothers to pay N$28.8 million to the Development Bank of Namibia. The judgment follows a dispute over unpaid loans linked to their former fuel company, Enercon Namibia.
Businessmen and brothers Peter and Malakia Elindi, who are facing charges in the Namcor fraud and corruption case, must pay N$28.8 million to the Development Bank of Namibia (DBN), a judge of the Windhoek High Court has ordered.
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