On the second day of his bail hearing, Peter Elindi told the Windhoek Magistrate's Court that the Anti-Corruption Commission acted with malice by arresting him without giving him an opportunity to explain his side of the story. 

Elindi stated that he would have cooperated if he had been contacted before his arrest.

Elindi is a former director and chairperson of Enercon. 

He is among the accused in the NAMCOR fraud case involving the sale of Enercon assets to NAMCOR for N$53 million.

He testified that his interactions with former NAMCOR Managing Director Immanuel Mulunga were official, and he denied misrepresenting himself during the process. 

Elindi said NAMCOR independently set the purchase price and conducted its own risk assessment before the transaction. 

He also told the court that the transaction aimed to help NAMCOR strengthen its position as the fuel supplier for the Ministry of Defence.

The transaction received internal approval from several individuals at NAMCOR, including Olivia Dunaiski, Cedric Willemse, David Mabos, and Immanuel Mulunga. Except for Mabos, the others have been arrested and face charges under the Anti-Corruption Act and the Prevention of Organised Crime Act.

He said he is not ashamed of the N$53 million deal and maintains that he did not influence the company's decision.

His lawyer, Sisa Namandje, told the court that the charges brought against Elindi are legally flawed and inconsistent. 

Namandje said the state alternates between accusing Elindi of colluding with Mulunga and alleging misrepresentation. 

He said some of the charges against Elindi do not exist in law and that others are duplicated. 

Namandje claimed that the charges fall under common law and not statutory provisions. He further accused the state of adjusting the wording of charges to suit its case.

Namandje also threatened to file a civil suit against the investigators, accusing them of malicious prosecution.

The bail hearing continues.