Fraud-Accused Accountant Michael Bronkhorst's Prime Farm Faces Auction Due to N$82 Million Case
A Farm belonging to a prominent accountant charged with fraud amounting to N$82 million will go on auction today. Michael Bronkhorst was arrested in 2024 and faces four counts of fraud in an ongoing case. One of his creditors, Petrichor Capital, secured a High Court sequestration order to liquidate his assets. The 4 703ha farm, alternatively called farm Otjomasso or farm Okamatangara, is one of Bronkhorst’s personal assets being liquidated. The farm is located near Summerdown
A substantial 4,703-hectare farm belonging to Michael Bronkhorst, an accountant facing fraud charges totaling N$82 million, is scheduled for auction today. Bronkhorst, arrested in 2024, had his assets ordered for liquidation by the High Court following a sequestration order secured by creditor Petrichor Capital. The farm, known as Otjomasso or Okamatangara, located near Summerdown in the Okahandja district, features a feedlot and dairy operations. The government waived its right to purchase the land in February, citing cost and resettlement criteria. Auctioneers NamAgri highlighted the property as a significant agricultural investment opportunity, including a homestead, manager's house, guest chalets, and extensive agricultural facilities. The sale will include approximately 320 head of cattle and features solar power and irrigation infrastructure. The online auction is set to run from June 18 to June 25.
This auction is noteworthy as it involves the liquidation of significant assets tied to a high-profile fraud case, illustrating the financial repercussions of alleged white-collar crime.
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