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GIPF loan lands Shivute in court

GIPF loan lands Shivute in court

Maria David

THE saga of the lost millions of the Government Institutions Pension Fund (GIPF) has produced its first accused person, Dominikus Shivute, who appeared in court at Oshakati this week.
Shivute was one of several beneficiaries of the controversial GIPF loans amounting to N$660 million.
He owned the liquidated Black Square Auto Engineering (BSAE) at Ongwediva.
The accused made a brief first appearance in the Oshakati Regional Court on Thursday on a charge of fraud, alternatively contravening section 142 (1) of the Insolvency Act 24 of 1936.
A warrant of arrest was issued against Shivute early on Thursday morning after he failed to show up in court.
However, he arrived a few minutes later and the warrant of arrest was withdrawn.
Addressing the media afterwards, Shivute confirmed that he received a loan of N$6 million from the GIPF to establish the BSAE in 2000 which was declared insolvent in 2002.
“I took the loan to establish the BSAE and the money was spent for its intended purpose,” said Shivute.
Court documents show that on 22 October 2002 Shivute “unlawfully and with the intent to defraud” misrepresented to the Deputy Sheriff of Tsumeb, John Pulleston, that the attached three vehicles were not the property of BSAE.
Shivute was advised to consider legal representation, either his own or government-funded, but he insisted on conducting his own defence.
Magistrate Leopold Hangalo postponed the case to 14 January next year for the fixing of a plea and trial date.
Shivute was warned to attend the court on that date, or risk being arrested.
Public Prosecutor Nelao yaFrance appeared for the State.

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