Namibia Diamond Company Suspends Executives After N$350-Million Heist
Namib Desert Diamonds has suspended its top executives following a N$350 million diamond heist. CEO Alisa Amupolo, COO Uahoroka Kauta, and Security Manager Paulinus Sheyapo were suspended for neglecting a police warning. Lelly Usiku has been appointed interim CEO, and an investigation is underway amid concerns about management’s accountability and security measures.
Namib Desert Diamonds (Namdia) has suspended its top executives following a significant heist where diamonds valued at approximately N$350 million were stolen. The suspended individuals include CEO Alisa Amupolo, COO Uahoroka Kauta, and Security Manager Paulinus Sheyapo. Their suspension was prompted by allegations of neglect in responding to a prior police warning regarding a potential robbery.
The robbery occurred on January 18, according to a statement from Namdia’s board, chaired by Justus Hausiku. In response, Lelly Usiku has been appointed as the interim CEO to maintain business operations. Usiku, who has previous experience in this role, will help steer the company during this tumultuous period.
In the wake of the heist, which resulted in casualties including the company’s security chief, a formal police investigation has been launched. The charges against suspects include armed robbery and murder, with at least two individuals in police custody and possible further suspects evading capture. The Namdia board emphasized the need for a thorough investigation to ensure future security.
The decision to suspend the executives was described by the board as necessary to uphold the integrity of both the ongoing investigation and the individuals involved. They clarified that there was no suspicion against other employees beyond those already in custody. Effective corporate governance and precautions were considered essential for protecting the business’s interests.
Police had previously alerted Namdia about the risk of a heist, advising the company to enhance its security measures. Rui Tyitende, a public policy analyst, criticized the management’s handling of security and raised concerns about the adequacy of their response to the warning. He questioned the accountability of state institutions under the current corporate governance structure.
The suspension of Namdia’s executives follows a major heist resulting in N$350 million in losses. As an internal investigation is underway and new leadership is appointed to maintain business continuity, concerns about the adequacy of security measures and corporate governance are elevated. The Namdia board underscores the importance of transparency in resolving the situation effectively.
Original Source: www.namibian.com.na
