Cops probe N$4 million Nored fraud



The Northern Electricity Distributor (Nored) is reportedly investigating a case of fraud involving N$4.1 million against four of its employees.

Constable Frieda Shikole of the Oshana Police Public Relations Division confirmed a fraud case has been registered, however no arrests have been made and police investigations continue.

Inside sources said one of the employees who earlier resigned with immediate effect threatened to have the whole finance department arrested if he was to be arrested.

Insiders alleged two employees from the finance department including the one threatening to expose the others resigned with immediate.

One of the employees resigned while the company’s accounts were being audited while another resigned shortly thereafter.

Two other employees were suspended in October pending the ongoing investigations.
It is alleged the culprits have been giving electricity vendors more electricity units than they purchased as a scheme to defraud the company.

In return, the suspects collected the money from the additional units sold.
It has not been confirmed whether the vendors also benefitted from the fraudulent scheme.
“They used to give the vendors extra units, and all they would tell them is that they could come and collect the money once the units have been sold,” said a source.

The details of the units given to the vendors would then be deleted from the system.
It was not said how long the fraud has been going on.


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