Tag: military-owned
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WMF Managing Director Suspended as Finance Storm Hits Defence Company
Overview of the Developments The Windhoeker Maschinenfabrik (WMF), a defence contractor owned by the state, has suspended its managing director, Colonel Petrus Anton, in a move intended to facilitate a formal investigation into financial accountability within the company. The suspension comes amid heightened scrutiny of the military-owned subsidiary’s governance and financial practices, following concerns raised…
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Namibia’s WMF Suspends Managing Director Amid Financial Probe Into Military-Owned Firm
Overview: Suspension Amid Financial Accountability Concerns The Windhoeker Maschinenfabrik (WMF), a defense-related company with close ties to the Namibian military, announced this week that its managing director, Colonel Petrus Anton, has been suspended as authorities conduct a formal investigation into alleged financial accountability issues within the subsidiary. The move underscores growing scrutiny of governance practices…