Imalwa addressed a press conference at her office in Windhoek yesterday in response to what she said had been numerous enquiries about the progress made so far with the decisions that the PG would have to take on possible prosecutions.

Her office has not yet received a report from Acting Judge Raymond Heathcote, who presided at a Companies Act inquiry into the deal that the High Court conducted after the SSC had Avid provisionally liquidated on July 12, or the Police's docket of their investigation of the disappearance of the SSC's money, Imalwa reported.

"I am informed by the Namibian Police that the matter is still under investigation and that the investigations are not finalised.

The docket will be forwarded to my office as soon as the outstanding investigations are finalised in order for me to make an informed decision," she said.

Imalwa said the Police had previously consulted her for advice about proper investigations of the matter, which, she remarked, "involves a number of people and companies and is a rather complex matter".

She continued that the Police should be given an opportunity to finalise their investigations, and the former Acting Judge should likewise have a chance to compile a report for her office, if he wishes to do so.

"I do not have the authority to compel them to submit the docket or the report to my office and, in the same vein, … they cannot force me to take a decision," Imalwa stated.

She added: "I can assure you that once the report and the docket are received by my office, I am ready to deal with the matter according to the discretion vested in me."

Imalwa did not give any indication of when she expects the docket to land on her desk.

The SSC's investment of the N$30 million with Avid has already led to two arrests in connection with criminal charges directly related to financial transactions that followed on the initial investment transaction in late January.

Nico Josea, Chief Executive Officer of Namangol Investments, an asset management company to which Avid transferred N$29,5 million of the SSC's money, was the first to be arrested on charges of fraud and theft on July 26.

The CEO of Avid, Lazarus Kandara, was the second person to be arrested, on August 24.

He died from a gunshot wound through the heart a few hours after his arrest, in an incident that the Police quickly claimed had been suicide.

The cause of Kandara's death is to be the subject of an inquest conducted by a Windhoek Magistrate.

Local News Headlines Of The Last 48 Hours

•  Okahandja strangler gets off on robbery charge
•  Another cold front coming
•  Blackouts hit northern Namibia
•  Speed cops not licensed to fine
•  War orphans want veterans' benefits
•  Security guards to get pay rise
•  Resort workers jumped the gun, NWR says
•  Police blamed for increase in drug abuse in the South
•  Pay increase for 'sittings'
•  Cops want to speak to Jimmy
•  Kobi's Nam investments total N$70m
•  TransNamib workers want board fired
•  N$100 000 a month for CEO
•  Zimbabwe exiles on warpath against Mugabe
•  Farmers agree to leave Kavango
•  Guilty verdict in city mugging murder trial
•  Former TCL workers want High Court action on pensions
•  Payback time at Keetmans
•  Wanaheda woman shot
•  Complaints about Queen Sophia resettlement farm
•  Erongo's crystal diggers get national acknowledgement
•  Medical fraternity focuses on emergencies
•  Car dealer shuts doors
•  300 can see again
•  A Matter Of Fact
•  Govt 'forgot' about SA bursaries
•  Wedding turns into mourning
•  Double murder suspect found guilty as charged
•  Swapo targets school head