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Namibia's Fishrot Probe Hit by Delays, Poor Cooperation

Government-appointed curators are facing significant legal and institutional hurdles in their efforts to seize and manage domestic and foreign assets linked to the Fishrot fraud and corruption scandal. The curators are also frustrated by local banks' lack of response and meetings with the accused. The curators, appointed in 2024, said progress has been slowed by delayed responses from financial institutions, cancelled meetings and missing information.

The Namibian reported in 2020 that suspects in the Fishrot scandal owned properties abroad, including luxury homes in Cape Town, Dubai, England, and Spain. These properties are mostly owned by former Investec Asset Management Namibia managing director James Hatuikulipi, one of the accused in the case, which has been delayed since 2019.

In 2020, the court ordered a restraint of all properties "with immediate effect", including bank accounts and all assets owned directly and indirectly by the accused.

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