Mmegi Online :: DCEC ordered to release Seretse & co accused's assests
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Last Updated
Friday 16 November 2018, 11:44 am.
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DCEC ordered to release Seretse & co accused's assests

The Directorate on Corruption and Economic Crime (DCEC) has been ordered to release all assets seized from Bakang Seretse and his co accused pending a review of the validation of the seizure warrant.
By Mpho Mokwape Thu 23 Aug 2018, 21:11 pm (GMT +2)
Mmegi Online :: DCEC ordered to release Seretse & co accused's assests








This afternoon, Lobatse High Court judge, Jennifer Dube ruled that the DCEC should release assets comprisin vehicles and other equipment into the custody of the accused.

She found the graft busting agency to be at fault for obtaining an order validating the seizure without informing the accused.

''The procedure used by DCEC was flawed and irregular. The warrant of seizure is suspended until review,'' she said.

Judge Dube also ordered that the assets are not to be sold to anyone or pass ownership in any shape or form

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and that they are not to be used in a manner as to accelerate their depreciatio.

She further ordered thatthe assets are not to leave the country.

Seretse, Botho Leburu and Kenneth Kerekangare accused of money laundering in the matter in which P230m million was diverted from the National Petroleum Fund.

Seretse and Leburu are fund managers, while Kerekang is the former Energy Affairs director.

The trio counterpunched against the DCEC last week accusing the agency of obtaining an absolute order validating the seizure without their knowledge.

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