CMB clears the air

What follows is a tale of spectacular negligence, as well as financial wrong- doing on a breathless scale, resulting in losses of hundreds of millions of Pula, not only for pensioners, but for local and foreign investors as well, as well as thousands of jobs.

At the centre of the debacle are some of Gaborone’s top lawyers, as well as senior corporate executives controlling billions of Pula of investments. At the epicentre is the Botswana Public Officers Pension Fund (BPOPF), run by the controversial Chief Executive Officer (CEO) Boitumelo Molefe.