Okaile Appears In Court, Marsland Charged

Monday, August 12, 2019

Rapula Okaile and Timothy Marsland, the directors of Capital Management Botswana (CMB), have been charged with one count of attempting to obtain by false pretence in a matter involving about P80.5 million from Botswana Insurance Fund Management (BIFM).

The offence was allegedly committed in January 2018. Okaile appeared before the Village Magistrate Court on Friday, while Marsland last week lost a bail attempt in a Johannesburg court where he is fighting against being extradited to Botswana.

CMB, a fund manager currently under liquidation, is also embroiled in a criminal case involving about P500 million in Botswana Public Officers Pension Fund (BPOPF) assets that were allegedly misappropriated while under management.

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Okaile Appears In Court, Marsland Charged

Rapula Okaile and Timothy Marsland, the directors of Capital Management Botswana (CMB), have been charged with one count of attempting to obtain by false pretence in a matter involving about P80.5 million from Botswana Insurance Fund Management (BIFM).