By: Ketemba Tjipepa

Pensioners aged between 70 and 80 are among those who lost millions of dollars invested in Michael Amushelelo’s Project One Million Investment Scheme.

Amushelelo’s assets, including seven luxury vehicles, were forfeited to the State after a High court ruling last week.

Several bank accounts holding N$13.2 million were also frozen.

Members of the public invested close to N$87 million.

Prosecutor General Martha Imalwa said some senior citizens approached her office looking for assistance to recover their money in July 2020.

“Old people, the pensioner.There were some who came to my office. That is how I actually gave instructions to my officers that they should get a list of those who did not file anything because you feel pity.Imagine a person in the 70s, someone in the 80s. You part with your one point something  million and you have not received anything. How will you survive? Your pension, you took your pension money and invested,” remarked Imalwa.

Despite the assets being forfeited, Imalwa stated more is needed to refund the investors.

She said more than 20 people have filed to the court to have their funds excluded from the forfeiture.

Imalwa said Amushelelo’s case is not the first where assets were forfeited, citing the latest case involving vehicles and cash stolen from August 26.

She also stated that this case is not politically motivated to curb money laundering in the country.

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