Diamond News
Namdia CEO Hamutenya Suspected of Irregularities
The Diamond Loupe
English
17:02
Namdia CEO Hamutenya Suspected of Irregularities
The Namibian reports that Namdia's CEO and former Diamond Commissioner, Kennedy Hamutenya is facing a disciplinary hearing after investigations into irregularities at Namdia, which is mandated to sell a portion of Namibia mined diamonds (roughly US$150m) as agreed in the 10-year agreement between De Beers and the Namibian Government. According to one Board member, the investigation into the irregularities let to recommendations, one of which is "charging the CEO for a string of violations".
