Forex traders Michael Amushelelo and Gregory Cloete are asking the department of Legal Aid in the Ministry of Justice to pay for a senior counsel (advocate) to represent them in their upcoming fraud trial in the Windhoek High Court.
Their lawyer, Khadila Amoomo, told High Court Deputy Judge President Hosea Angula, who will preside over the trial, that the duo exhausted their funds with the bail application for Amushelelo, who is currently in custody on a different matter.
He said they had applied to legal aid, and while they received acknowledgment letters, they had not received any firm decision – one way or the other as yet.
As such, they applied to the court to postpone the matter to give legal aid an opportunity to make a decision.
The judge granted their request and postponed the matter to 8 September but warned it will be final postponement for legal aid.
Amushelelo and Cloete face chages of contravening the Banking Act and conducting a Ponzi scheme.
Also charged are legal entities Amushe Hello Investment, Amushe Advertising & Design, Amushe International Holding, Van Der Walt Trailer Manufacturing, Amushelelo Family Trust T187/2019 and Global Growth Investment Namibia – all represented by Amushelelo as founder and sole member.
The charges are 348 counts of fraud, alternatively theft by pretences, conducting banking business without authorisation and conducting a Ponzi scheme, tax evasion, tax fraud, failure to pay tax, money laundering and…
