Cresta MD, CFO suspended over missing P2.3m

Innocent Selatlhwa | Thursday October 13, 2016 17:02

 

On Tuesday, board chairperson, Maria Nthebolan, told Mmegi that not many details could be shared, except that the investigations revolve around the whereabouts of P2.3 million. “As of Thursday last week when we initiated the investigations, we realised that P2.3 million could be missing, but the investigations are still at an infant stage and we are yet to determine what exactly happened,” she said.

Nthebolan could not share further details, stating that she did not want to prejudice the matter, as investigations are ongoing.  “I cannot exactly say how long it will take for the investigations to be concluded. We want them done as soon as possible, but again we have to allow for thorough investigations.”

The company, which is listed on the Botswana Stock Exchange, has since issued an announcement to investors cautioning them to be careful when dealing in the group’s shares. Mganga declined to comment on the matter when approached.

“I have nothing to say,” he said. Repeated efforts to contact Makaya failed as he did not respond to his cellphone or messages left for him, by press time.