The prosecutor general is set to decide on what charges and which court forex traders Michael Amushelelo and Gregory Cloete, currently facing various charges of contravening the Banking Act, would be tried.
This follows after prosecution informed magistrate Linus Samunzala that the investigations into the matter have been completed.
Amushelelo and Cloete pleaded not guilty to all charges following a Section 119 plea in the Windhoek Magistrate Court this week.
Amushelelo and Cloete was arrested in October 2019 on four counts that are in contravention with the Banking Institution Act 2 of 1998 and Prevention of Organised Crime Act 29 of 2004.
During a previous court appearance, prosecutor Precious Matali informed the court that the prosecutor general has given additional instructions relating to bank statements, bank records and documents from the Bank of Namibia and Master of the High Court.
Prosecutor Tatelo Lusepani this week informed the court that the investigations are now completed and that the docket was forwarded to the prosecutor general for her decision.
The matter was then postponed to 31 May next year, as the docket contains 10 lever arch files and was quite voluminous.
Khadila Amoomo, who appeared on behalf of the accused, did not object to the postponement, although he indicated that it is the first time in his career that he encountered such a long remand for a PG decision.
He further told the court that the not guilty pleas are in accordance with his instructions and that no plea explanations will be provided, except to inform the magistrate that the search warrants used to seize various items from his clients are currently the subject matter of a legal challenge in the High Court.
Court documents state the pair received N$17 million from members of the public intending to conduct banking services.
This, according to the prosecution, Amushelelo and his co-accused did without being authorised in terms of the Banking Institution Act.
Furthermore, the prosecution is charging that the pair committed offences relating to money laundering.
Consequently, the authorities seized all properties and vehicles, and they froze all bank accounts belonging to the accused.
Currently, there is a petition demanding the release of all assets and money of Amushelelo and Cloete.
The petition, spearheaded by ‘investors’ and sympathisers, has thus far collected 618 signatures out of a targeted 1 000.