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Pescanova

Namibia newspaper says Pescanova’s Novanam used frontman to dodge $115m in quota fees

Newspaper investigation claims Novanam has been paying local quota fees as a Namibian company, instead of fees for foreign quota owners, by using local frontman for the company

By Undercurrent News | May 27, 2014 16:29 BST
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A Namibian newspaper has alleged that Pescanova's fishing subsidiary in Namibia Novanam has defrauded the government of NAD 1.2 billion ($115 million) in fishing quota fees over a 14 year period. [...]

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