Large cash deposit goes to the state

An amount of N$330 000 that was deposited into the bank account of a company in Windhoek last year is now on its way to the state's coffers, as a result of a forfeiture order in terms of the Prevention of Organised Crime Act that was given in the Windhoek High Court late last week.

In terms of the order given by acting judge Elize Angula on Thursday, an amount of N$330 200, as well as any interest accumulated on it, in a bank account in the name of the company Kyushu Island Investment was declared forfeited to the state.

The court's order also authorises the payment of the money into the Criminal Assets Recovery Fund, which was created by the Prevention of Organised Crime Act and from which money may be channelled to Namibia's law enforcement agencies to assist them in their fight against crime.