
17/07/2025
ELINDI DISMISSES N$480 MILLION CLAIM, INSISTS DEAL WAS LEGAL ||
Windhoek, 18 July 2025 — Businessman Peter Elindi has rejected claims that N$480 million is at the centre of the case against him, telling the court on Thursday that the only amount he is aware of is N$53 million — which he described as part of a legitimate commercial transaction.
Testifying during his bail hearing, Elindi accused the media of misrepresenting the matter and fuelling public outrage based on false information.
“There is no N$480 million. That number doesn’t exist,” he told the court, insisting the deal in question was above board and not criminal in nature.
Elindi further distanced himself from co-accused Victor Malima, saying the two are no longer on speaking terms and have no financial links. He also told the court he has no money in his bank account.
He reminded the court that he voluntarily handed himself over to the Anti-Corruption Commission and surrendered his passport to his lawyers. “I’m not a flight risk,” he said.
The prosecution, however, maintains that the case involves public funds and is of significant public interest.