WINDHOEK – Investigations in the case in which Ferries Alvelino Wallace faces a charge of fraud for allegedly embezzling N$2.3 million are incomplete.
The matter was remanded to February 24, 2015 for trial before the Windhoek Magistrate’s Court.
Details are sketchy and investigations are at an infant stage, but New Era has learnt Wallace allegedly committed perjury by falsifying information and withdrawing N$2.3 million from the Bank Windhoek branch at Maerua Mall from an account belonging to Jose Fernandes de Gouvera.
The alleged withdrawal took place on August 18.
In September he made his first appearance and was denied bail. However the suspect is now free on bail of N$30 000, which was granted in October.
After his first appearance New Era learned that the prosecution team refused to divulge information for fear that investigations could be jeopardised.
During his first appearance, Wallace informed the court he had N$16 000 in his personal account.
“I told the investigating officer there are no charges against me where N$16 000 was stolen but he took the money and told me it will be part of the investigations. I wish the court will instruct the investigating officer to give back my private money in the amount of N$16 000,” Wallace prayed.
Magistrate Kaulikalelwa Nghishitende presided over the case while Verinao Kamahene prosecuted.
By Tunomukwathi Asino