'What money did we steal?'

The firm, now under the management of NBFIRA’s court appointed statutory manager, Peter Collins, says it is willing to cooperate with the probe but says the Botswana Public Officers Pension Fund (BPOPF) should accept that the funds were invested properly and the pension funds’ interest disposed off.

BPOPF invested P477 million in the Botswana Opportunities Fund managed and 1% owned by CMB. However, after a dispute last year, CMB triggered a clause in the two parties’ 2014 founding agreement and said it had sold the BPOPF’s interest to a third party for P50 million.