Mobile Telecommunications Limited (MTC Namibia) has released an official statement addressing allegations of missing funds.

The company's response comes after an incident in Parliament where Bernadus Swartbooi of the Landless People Movement (LPM) posed questions to the Minister of Finance and Public Enterprise, Iipumbu Shiimi, about an alleged transfer of N$1.2 billion from MTC's account to an unidentified recipient, purportedly for funding legal costs in the ongoing Fishrot court case.