News How North Korea received millions in Namibia constructing a ‘white elephant’Newly revealed documents reveal waste and fraud of DPRK firm subcontracted to build country’s state house in 2000s The North Korean firm Mansudae Overseas Projects (MOP) may have earned millions of dollars for Pyongyang as a subcontractor on public prestige projects in Namibia during the mid-2000s, according to documents obtained by NK Pro, with the Chinese government providing primary funding for at least one project. The documents recovered from MOP’s now-abandoned head offices in Windhoek show that, from 2004 to 2007, some US$28 million flowed between the firm and Kam Hong Trading in Macau for materials for the State House of Namibia. According to MOP’s own accounting, the total cost of its activities for © Korea Risk Group. All rights reserved. |