Namibia: Risk Company Sues Namdia

A South African company is suing the state-owned Namib Desert Diamonds for N$2,1 million for terminating a contract that was meant to help the scandal-hit parastatal improve its governance systems.

The parastatal has since 2016 faced allegations of selling Namibian diamonds for values far below standards to territories such as Dubai, which is known for allowing the flow of dirty money.

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