{"id":280544,"date":"2019-10-05T05:02:01","date_gmt":"2019-10-05T03:02:01","guid":{"rendered":"https:\/\/informante.web.na\/?p=280544"},"modified":"2019-10-05T05:02:03","modified_gmt":"2019-10-05T03:02:03","slug":"gipf-loan-lands-shivute-in-court","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=280544","title":{"rendered":"GIPF loan lands Shivute in court"},"content":{"rendered":"\n<div id=\"js_2\" class=\"_5pbx userContent _3576\" data-testid=\"post_message\" data-ft=\"{&quot;tn&quot;:&quot;K&quot;}\">\n<p>Maria David<\/p>\n<p>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.<br \/>Shivute was one of several beneficiaries of the controversial GIPF loans amounting to N$660 million.<br \/>He owned the liquidated Black Square Auto Engineering (BSAE) at Ongwediva.<br \/>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.<br \/><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-280550 size-medium\" src=\"https:\/\/informante.web.na\/wp-content\/uploads\/2019\/10\/71867908_2490996434300635_505774859150688256_n-e1570244501723-181x300.jpg\" alt=\"\" width=\"181\" height=\"300\" srcset=\"https:\/\/informante.web.na\/wp-content\/uploads\/2019\/10\/71867908_2490996434300635_505774859150688256_n-e1570244501723-181x300.jpg 181w, https:\/\/informante.web.na\/wp-content\/uploads\/2019\/10\/71867908_2490996434300635_505774859150688256_n-e1570244501723.jpg 204w\" sizes=\"auto, (max-width: 181px) 100vw, 181px\" \/>A warrant of arrest was issued against Shivute early on Thursday morning after he failed to show up in court.<br \/>However, he arrived a few minutes later and the warrant of arrest was withdrawn.<br \/>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.<br \/>\u201cI took the loan to establish the BSAE and the money was spent for its intended purpose,\u201d said Shivute.<br \/>Court documents show that on 22 October 2002 Shivute \u201cunlawfully and with the intent to defraud\u201d misrepresented to the Deputy Sheriff of Tsumeb, John Pulleston, that the attached three vehicles were not the property of BSAE.<br \/>Shivute was advised to consider legal representation, either his own or government-funded, but he insisted on conducting his own defence.<br \/>Magistrate Leopold Hangalo postponed the case to 14 January next year for the fixing of a plea and trial date.<br \/>Shivute was warned to attend the court on that date, or risk being arrested.<br \/>Public Prosecutor Nelao yaFrance appeared for the State.<\/p>\n<\/div>\n\n\n\n<div class=\"alignnormal\"><!-- MetaSlider 271797 not found --><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":10,"featured_media":280551,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-280544","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 - 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