{"id":250828,"date":"2019-02-27T22:07:14","date_gmt":"2019-02-27T20:07:14","guid":{"rendered":"https:\/\/informante.web.na\/?p=250828"},"modified":"2019-02-28T07:34:43","modified_gmt":"2019-02-28T05:34:43","slug":"sme-bank-commission-of-enquiry-commences","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=250828","title":{"rendered":"SME bank commission of enquiry commences"},"content":{"rendered":"<div id=\"js_xq\" class=\"_5pbx userContent _3576\" data-ft=\"{&quot;tn&quot;:&quot;K&quot;}\">\n<div id=\"id_5c77724c6b05e0762711119\" class=\"text_exposed_root text_exposed\">\n<figure id=\"attachment_250838\" class=\"wp-caption alignnone\" style=\"width: 640px\"><a href=\"https:\/\/informante.web.na\/wp-content\/uploads\/2019\/02\/SME-bank-commission-of-enquiry-commences.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-250838 size-full\" src=\"https:\/\/informante.web.na\/wp-content\/uploads\/2019\/02\/SME-bank-commission-of-enquiry-commences.jpg\" alt=\"SME bank commission of enquiry commences\" width=\"640\" height=\"427\" srcset=\"https:\/\/informante.web.na\/wp-content\/uploads\/2019\/02\/SME-bank-commission-of-enquiry-commences.jpg 640w, https:\/\/informante.web.na\/wp-content\/uploads\/2019\/02\/SME-bank-commission-of-enquiry-commences-300x200.jpg 300w, https:\/\/informante.web.na\/wp-content\/uploads\/2019\/02\/SME-bank-commission-of-enquiry-commences-765x510.jpg 765w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption class=\"wp-caption-text\">Pictured: SME Bank<\/figcaption><\/figure>\n<p>Eba Kandovazu<\/p>\n<p>THE disappearance of approximately N$175 million from the infamous Small and Medium Enterprise (SME) Bank will not go unaccounted and the persons responsible for the disappearance of the millions will soon be brought to book.<br \/>\nThis is in line with the commencement of a commission of enquiry into SME bank\u2019s troubles earlier this morning in the capital, where financial brains began the investigation into the bank\u2019s collapse\u00a0<span class=\"text_exposed_show\">on instructions of the liquidators, Ian Mclaren and David Bruni.<br \/>\nThe millions were dubiously invested in South Africa and to date could not be accounted for. Since then, over 100 employees have lost their jobs at the partly government owned bank.<br \/>\nThe commission of enquiry was established in terms of the Companies Act of 2004. It is headed by Lawyer Natasha Bassingthwaighte, a member of the Namibian Society of Advocates. She is responsible for summoning witnesses on their knowledge of SME bank\u2019s affairs with the South African investments.<br \/>\nThe commission will report findings, give advice and make recommendations on the matter.<br \/>\nThe hearings are not open to the public. Development Bank Namibia Chairperson Tania Hangula, SME bank CEO Tawanda Mumvuma and former Finance manager Joseph Banda are amongst the witnesses summoned to testify.<\/p>\n<p><\/span><\/p>\n<\/div>\n<\/div>\n<div class=\"_3x-2\" data-ft=\"{&quot;tn&quot;:&quot;H&quot;}\">\n<div data-ft=\"{&quot;tn&quot;:&quot;H&quot;}\">\n<div class=\"mtm\">\n<div>\n<div>\n<div class=\"_5cq3 _1ktf\" data-ft=\"{&quot;tn&quot;:&quot;E&quot;}\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Eba Kandovazu THE disappearance of approximately N$175 million from the infamous Small and Medium Enterprise (SME) Bank will not go unaccounted and the persons responsible for the disappearance of the millions will soon be brought to book. This is in line with the commencement of a commission of enquiry into SME bank\u2019s troubles earlier this &#8230;<\/p>\n","protected":false},"author":10,"featured_media":250838,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-250828","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SME bank commission of enquiry commences - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"THE disappearance of approximately N$175 million from the infamous Small and Medium Enterprise (SME) Bank will not go unaccounted and the persons\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/informante.web.na\/?p=250828\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SME bank commission of enquiry commences - 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