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Ponzi scheme accused Botha claims he received recommendations to start business in Namibia from Presidential candidate Angula
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Ponzi scheme accused Botha claims he received recommendations to start business in Namibia from Presidential candidate Angula

Staff Reporter COENRAAD Botha, who stands accused of receiving deposits from the public amounting to N$163 million without having a banking license, has said that he strengthened his business relations in Namibia after being told by Presidential candidate Ally Angula that the Bank of Namibia offered a “sandbox environment” for fintech startups. Botha and his...

Namibia: Central Bank Concludes Investigation Into Ponzi Scheme Duo
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Namibia: Central Bank Concludes Investigation Into Ponzi Scheme Duo

The Bank of Namibia has concluded an investigation into the alleged unauthorised banking activities of CBI Exchange Namibia and Coenraad Botha and the case is now in court. According to the spokesperson of the Bank of Namibia, Kazembire Zemburuka, the duo is suspected of engaging in banking transactions, including receiving, accepting, or taking deposits from...

Central bank concludes investigation into Ponzi scheme duo
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Central bank concludes investigation into Ponzi scheme duo

The Bank of Namibia has concluded an investigation into the alleged unauthorised banking activities of CBI Exchange Namibia and Coenraad Botha and the case is now in court. According to the spokesperson of the Bank of Namibia, Kazembire Zemburuka, the duo is suspected of engaging in banking transactions, including receiving, accepting, or taking deposits from...