Prosecutor general Martha Imalwa has revealed details of an online investment scam, known as “pig butchering”, which saw 15 people arrested in Namibia in October 2023.
Imalwa reveals the details in a sworn statement filed at the Windhoek High Court in a case about cryptocurrency worth about N$2 million. The funds have now been declared forfeited to the state in terms of Namibia’s Prevention of Organised Crime Act.
The cryptocurrency is the proceeds of an investment scam that involved the creation…
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