Vice President Sara Duterte and her husband, lawyer Manases 'Mans' Carpio, are alleged to have unexplained wealth and undeclared assets totaling over P817 million, according to a financial forensic analyst who testified as a prosecution witness during the Senate impeachment trial. The analyst, Alexander Cabrera, presented a detailed report highlighting financial irregularities in the couple's records from 2022 to 2025. Cabrera explained that he arrived at the figure by 'piercing the corporate veil,' a legal principle that allows courts to disregard a company's separate legal identity and hold individuals directly accountable. The report included undeclared cash, personal properties, income from companies Cale88 and Metro City, and total undeclared income from Gencorp. During the trial, House prosecutor Rep. Chel Diokno asked Cabrera for the grand total of undeclared assets and income for the years 2022 to 2025, to which Cabrera responded with P817,874,867. He emphasized that his method was conservative, ensuring no double counting or duplication. The testimony comes amid ongoing scrutiny of the Duterte-Carpio couple's financial dealings, with the Senate impeachment trial focusing on potential violations of financial disclosure laws. The case has drawn significant attention due to the high-profile nature of the individuals involved and the substantial amount of money at issue. The financial analyst's testimony is expected to play a key role in the trial, providing concrete evidence to support the prosecution's claims. This development underscores the importance of transparency in public office and the need for rigorous financial oversight of government officials. The Senate trial continues to unfold, with further testimony and evidence expected to be presented in the coming days.

Jesse talks about the latest insane investigative reporting from Roger Sollenberger & the Daily Beast, who are uncovering troubling financial irregularities ...

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Unauthorised purchase of medicines and equipment from a private agency has come under the scanner of Central Bureau of Investigation (CBI) which is probing the financial irregularities in R.G. Kar Med...

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The Central Bureau of Investigation (CBI) sleuths, probing the multi-crore financial irregularities cases in state-run R.G. Kar Medical College & Hospital in Kolkata, unearthed more clues against the ...

SBI Tags Reliance Communications’ Loan Account A Fraud .

<p>राजविराज– महालेखा परीक्षकको आर्थिक वर्ष २०८१/८२ को प्रतिवेदनले राजविराज नगरपालिकाको कर्मचारी व्यवस्थापन, करार तथा ज्यालादारी नियुक्ति, तलबी प्रतिवेदन र कर्मचारी कल्याण कोष सञ्चालनमा गम्भीर अनियमितत...

Hertta-Maria Amutenja An audit by PricewaterhouseCoopers (PwC) flagged questionable financial practices at Namcor.  It highlighted irregular payment arrangements with Enercon Namibia (Pty) Ltd, the company at the centre of a N$53 million fuel supply deal. The audit was presented during the ongoing bail application of former Namcor managing director Immanuel Mulunga and eight others in the Windhoek Magistrate’s Court. State prosecutor Basson Lilungwe told the court that the PWC audit uncovered accounts exceeding credit limits, unusual balances, and questionable payment terms.  The state revealed that Enercon was allowed to accumulate a fuel debt of N$108 million, despite having a formal credit limit of just N$15 million.  Lilungwe questioned why, under Mulunga’s leadership, Namcor continued supplying fuel to Enercon beyond the credit limit. He also noted that only N$35 million of the debt was eventually paid. The state used the PWC audit to argue that the payment arrangements were not aligned with proper corporate standards. “Had you taken due diligence as managing director, all this would not have happened,” Lilungwe said. Mulunga disputed the audits findings, calling them merely an opinion. He explained that the payment arrangements were between Namcor Trading and Distribution Pty Ltd and Enercon, not the Namcor holding company.  When asked about the large gap between the credit limit and the final debt, Mulunga stated, “Those are the things that were not happening at my level. I had people who made those decisions after I signed off the credit limit.”  He added that his role as managing director did not involve daily credit monitoring and that other officials could provide more details. Mulunga argued that the remaining N$73 million of unpaid debt was not directly Enercon’s liability but had been transferred from another  company, Eco Fuels, which Enercon had absorbed.  He claimed that the N$35 million payment would have kept Enercon’s account within the credit limit if the transfer had not occurred. Lilungwe pressed Mulunga further, asking why Namcor entered into a purchase agreement with Enercon while the company already owed more than N$15 million.  Mulunga responded that the asset purchase agreement stipulated a payment of N$35 million “if there was any debt,” but he could not recall how much debt Enercon had at the time. “I was not the one who worked with those details,” he said. Mulunga maintained that the fuel supplied to Enercon was not given for free but was provided with the expectation of repayment. “It is incorrect to say fuel was given freely,” he said. The charges against Mulunga stem from a 10-year fuel supply deal signed in 2022 between Namcor Trading and Enercon Namibia.  The state alleges the deal, valued at N$53 million, was concluded under irregular circumstances. The deal involved prepayment terms and asset transfers and is under investigation by the Anti-Corruption Commission (ACC).  Mulunga faces multiple charges related to corruption and fraud, including accusations that he unlawfully authorised a N$35 million payment to Enercon as part of the asset purchase deal without proper internal approvals.  The bail application is ongoing.

Hertta-Maria Amutenja The Bondelswarts Heritage Foundation has called for an urgent investigation into the Bondelswarts Chief Council, citing financial irregularities, a disputed leadership, and the neglect of key communal assets in Warmbad. The Foundation said in a recent statement that internal leadership disputes have paralysed the community since the death of Captain Anna Katriena Christiaan in 2011.  “The continued secrecy, disputes, and neglect cannot be tolerated any longer,” said Foundation founder Mathew Veldskoen. The Foundation alleges that the Chief Council, led by Senior Traditional Councillor Hans Jossob, operates without transparency and excludes the Christiaan Royal House from community decisions.  It further claims the Council receives N$100 000 annually from a trust.  “The community has no knowledge of this trust’s purpose, administration, or beneficiaries,” the statement said. The group also questioned the use of N$771 000 reportedly spent on drilling boreholes.  “There is no evidence of where these boreholes were drilled, no documentation, and no disclosure of the accounts into which these funds were paid,” it stated. Documents seen by the Windhoek Observer show that the Namibia Traditional Authorities Trust (NTAT) allocated N$930 000 to the Bondelswarts Traditional Authority between 2021 and 2025.  This included a once-off Covid-19 relief payment of N$230 000.  In a letter dated 4 February 2025, NTAT confirmed the available balance for future project funding stood at zero after N$820 640 had been spent.  Senior traditional councillors said they were unaware of this expenditure. A separate letter dated 4 April 2025 from the Chief Council to NTAT raised concerns over administrative errors and unauthorised project spending.  “Designated, recognised and gazetted traditional councillors are not aware of such projects and expenditures,” the council wrote. The conflict stretches beyond finances. In a letter dated 9 April 2025 to President Netumbo Nandi-Ndaitwah, councillor Dominicus Snewe accused former ||Karas regional governor Alletha Fredericks of failing to verify and forward “Form A” documents to formalise the Christiaan Royal House’s candidate, Nathaniel Christiaan, as chief. The Christiaan Royal House nominated Nathaniel, the eldest son of the late captain Christiaan, shortly after her death in September 2011.  No action has been taken by the governor’s office for over a decade.  In October 2024, Jossob’s faction organised the coronation of Denzyl Isaacks as chief, despite no ministerial approval as required under the traditional authorities act.  The Chief Council claims Isaacks changed his surname to Christiaan to meet the eligibility requirements.  “The process was not compliant with Sections 4, 5, and 7 of the Act,” the letter to Nandi-Ndaitwah noted. Payment records show NTAT paid N$2 700 to the Bondelswarts Traditional Authority and N$2 112 to Jossob in February 2025.  “The Chief Council functions without basic administrative support, and the location of Warmbad, the historic capital, is being sidelined,” the Foundation said. The leadership crisis began after the passing of Captain Anna Katriena Christiaan, the last formally gazetted Chief.  Since then, the succession dispute has centred on two candidates: Nathaniel Christiaan and Denzyl Isaacks.  At the time of Captain Christiaan’s death, Isaacks was 15 years old and considered too young for leadership.  Government officials, including former urban and rural development minister Sophia Shaningwa, advised the community to wait until he turned 25.  Isaacks reached this age in August 2024, and the traditional authority informed the governor’s office of plans to coronate him.  They submitted the required application, but the ministry of urban and rural development reportedly never received it, delaying the process. The Bondelswarts follow a patrilineal lineage system rooted in ancestral traditions.  The Foundation is now demanding full audits of the trust income and borehole expenditure, and an immediate halt to all unauthorised financial activity. Efforts to reach Councillor Dominicus Snewe and the NTAT for comment were unsuccessful at the time of publication.  The Bondelswarts Traditional Authority remains without a formally designated and gazetted Chief, 14 years after the death of captain Anna Katriena Christiaan.