A reflection on major legal scandals in 2019

Kgori Capital implicated in NPF scandal

Kgori Capital, an asset management entity, was one of the companies that came under the spotlight when the National Petroleum Fund (NPF), a statutory fund run under the Energy Affairs Department, hit the headlines in late 2017, with the State alleging that up to P230 million had been lost through money laundering linked to the national intelligence agency. At the time Bakang Seretse was Kgori Capital Director and he was also charged in the NPF scandal.