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Eight Accused of Pension Fraud

Home Archived Eight Accused of Pension Fraud

By Catherine Sasman WINDHOEK Eight people stand accused of defrauding the City of Windhoek’s pension fund, administered by Alexander Forbes. The accused made their first appearance at the Magistrate’s Court in Windhoek last Thursday, and the case was postponed until August 1 pending further investigations. They are Sharon Desiree Raman, Hendrik Fransisko Davis, Jan Johannes Jansen, Jeremia Metaatu, Iyambo Severen, Alta Norma Visser, Olga R. Moller, and Desmond Gregory Stramis. The eight, accused of 164 fraud cases involving a total amount of N$3,3 million, allegedly misled members of the pension fund to borrow money to settle old debts against their pension fund contributions to obtain new loans against their pension funds. Seven of the accused were each granted bail of N$50ÃÆ’Æ‘ÀÃ…ÃÆ”šÃ‚ 000, while Visser was given bail of N$5ÃÆ’Æ‘ÀÃ…ÃÆ”šÃ‚ 000. Three of the accused are expected to apply for a reduction of bail, while another three paid their bail monies of N$50ÃÆ’Æ‘ÀÃ…ÃÆ”šÃ‚ 000. Magistrate Helvi Shilemba ruled that all are expected to hand in their travel documents and report at the Windhoek Police Station twice a day between Monday and Friday between 08h00 and 10h00, and again between 17h00 and 19h00.