Court orders Elindi brothers to pay N$28m to DBN

Businessmen and brothers Peter and Malakia Elindi, who are facing charges in the Namcor fraud and corruption case, must pay N$28.8 million to the Development Bank of Namibia (DBN), a judge of the Windhoek High Court has ordered.

Acting judge James Devittie ordered the payment in a summary judgement granted on Friday.

Devittie granted the judgement for the payment of N$28.8 million against the Elindis and the close corporations Wholesale Purchasing, Bonsec Investments 174 and Bonsec Investments 175, which were sued by the DBN last July.

The DBN applied for a summary judgement against the Elindis and the three close corporations in April this year, based on an allegation that the defendants did not have a bona fide defence to the DBN’s claim for N$28.8 million and had notified the court that they would oppose the claim solely to delay the bank’s legal action.

In an affidavit filed at the court, Malakia disputed that allegation and in turn alleged that the DBN had not correctly calculated the amount it claimed from him, his brother and the three close corporations.