US EditionBank of Namibia wins appeal over forfeiture of Chinese firm’s US$115 000
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Bank of Namibia wins appeal over forfeiture of Chinese firm’s US$115 000
Bank of Namibia deputy governor Ebson Uanguta has won a Supreme Court appeal about a decision by the central bank to order the forfeiture of US$115 000 in a foreign currency bank account of a Chinese-owned close corporation. The Supreme Court at the end of last week upheld an appeal against a High Court judgement dating from December 2022 and dismissed an application by the close corporation Vincent & Tiffany Construction to have the forfeiture …
·Windhoek, Namibia
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