Kgori Capital relentlessly fight for frozen funds

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Kgori Capital has made it clear that it intends to appeal the seizure of its funds. The asset management company recently lost access to its funds after a court order was issued to freeze its accounts again. This was after the funds were put back on ice at the request of the Directorate of Public Prosecutions (DPP).

Kgori Capital has not been able to stay off the radar of the Directorate on Corruption and Economic Crime (DCEC) since it was implicated in the biggest money laundering scandal involving the National Petroleum Fund (NPF). Its former director, Bakang Seretse was charged for, amongst others, money laundering in the ongoing NPF case.

Now, in a brief statement Kgori Capital said it will fight to stay in operation by challenging that the funds be released when they appeal the judgement.

Editor's Comment
Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

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