Behind Seretse's P42 million commission from DIS

Friday, December 29, 2017

The High Court yesterday heard that businessman Bakang Seretse appropriated P42 million of the money allocated to the Directorate of Intelligence and Security (DIS) claiming it was his commission.

This was revealed in an application in which the Directorate of Public Prosecutions (DPP) wants Seretse to be restrained from disposing of some of his properties and credit account balances. Seretse and two others are facing money laundering charges.

"They appropriated P42 million of the money allocated to DIS under the guise of a letter written by the Department of Energy not the DIS. Then they claimed it is their fees. The Act was never followed how the money is disbursed," attorney Ernest Mosate told Justice Godfrey Radijeng.

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Behind Seretse's P42 million commission from DIS

The High Court yesterday heard that businessman Bakang Seretse appropriated P42 million of the money allocated to the Directorate of Intelligence and Security (DIS) claiming it was his commission.