Fishrot: An Icelandic fishing company disguises Namibian subsidiary control to obtain quotas through alleged bribery; ministers resign, criminal proceedings follow

A 2019 whistleblower leak reveals that an Icelandic company disguised majority control of its Namibian subsidiary to circumvent ownership rules, allegedly bribing officials for quota rights and routing profits offshore to reduce Namibian tax. Namibia's fisheries and justice ministers and the company's CEO resigned; criminal proceedings include racketeering, bribery, money laundering, and tax evasion and involve two former ministers.

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