The anti-corruption commission arrested three suspects on Wednesday in the Zambezi Region for their involvement in a fraudulent drought food supply scheme.
On Friday, the Katima Mulilo magistrate's court denied them bail.
The police have arrested two more suspects in a N$29.9 million fraud from a fishing company at Walvis Bay.
The latest arrest brings the total number of suspects to six.
Victoria George (34), who is self-employed, is believed to be the mastermind of the alleged fraud and money laundering case.
A senior official from the Ministry of Fisheries and three other suspects appeared in court for alleged fraud, forgery, and money laundering at Walvis Bay.
There is an urgent need for collaboration to combat money laundering in the country. This sentiment was echoed by participants at the National Training on Financial Analysis and Effective Utilisation of Financial Intelligence workshop, which concluded on Friday.
Another legal battle has emerged at the High Court, tied to the infamous Fishrot scandal, as Nigel Van Wyk faces staunch opposition from the Prosecutor General in his attempt to seek review and overturn some charges against him.
Namibia has been warned against the inherent risks associated with developments in the oil and gas sector and the emergence of the green hydrogen sector and to remain vigilant.
Police have arrested 108 people, 88 of whom are students, in what is described as a major breakthrough in their fight against financial crime.
A suspect, Immanuel Nowaseb, who is facing charges of fraud and money laundering, attacked coastal journalists when he appeared in the Walvis Bay Magistrate's Court.
