RUNDU, 16 MAY – An employee of Bank Windhoek in Rundu accused of money laundering was on Tuesday remanded in custody after making his first appearance in the Rundu Magistrate’s Court.
Martin Dinyando Shikerete, 27, was arrested on Monday and charged with fraud and money laundering in respect of N.dollars 573 000 that disappeared from his employer.
Court documents indicate that the accused allegedly took the money between the months of February and April this year.
He was denied bail because the investigations are at a sensitive stage and the case was postponed to 19 June 2018 for further investigations and for the accused to acquire legal representation.
Shikerete appeared before Magistrate Helen Olaiya and Prosecutor Emma Mayavero represented the State.