Insurance company in North defrauded of millions

POLICE at Oshakati and Ondangwa are investigating allegations of fraud and forgery at the local branches of insurance company Metropolitan Life.

The fraud has apparently cost the company at least N$2,4 million. According to the Police, the Oshakati branch has been defrauded of N$142 678, while the Ondangwa branch has lost N$97 234.The insurance company reported the theft on Thursday last week.No arrests had been made by yesterday afternoon, sources said.Asked about the fraud yesterday, Metropolitan spokesperson Elsabe Horn said no staff were suspected.Horn added that the company was preparing a media statement on the issue.According to the Police, the Oshakati branch has been defrauded of N$142 678, while the Ondangwa branch has lost N$97 234.The insurance company reported the theft on Thursday last week.No arrests had been made by yesterday afternoon, sources said.Asked about the fraud yesterday, Metropolitan spokesperson Elsabe Horn said no staff were suspected.Horn added that the company was preparing a media statement on the issue.