Kerekang faces suspension

Innocent Selatlhwa | Friday December 15, 2017 19:00

 

He is one of the four full time Board members in an eight-member board, which has the chief executive officer (CEO) as an ex officio member.

Kerekang, formerly a director at the Department of Energy in the Ministry of Minerals and Energy together with Bakang Seretse, who resigned his post as managing director of Kgori Capital and Botho Leburu, a director at Khulaco Management Services are on bail in a money laundering case allegedly involving P250 million that was transferred to the Directorate of Intelligence and Security for construction of fuel storage tanks, before being diverted for alleged purchase of military hardware in Israel.

According to BERA CEO, Rose Seretse, Kerekang is currently on leave pending a board meeting. “He is currently on leave and the Board is yet to meet as some of the members are outside the country. They will have to inform themselves with the details and make a recommendation to the minister in line with the BERA Act,” she said.

According to the BERA Act,  “the Minister may, in writing, suspend from office a member against whom criminal proceedings are instituted for an offence in respect of which a sentence of imprisonment may be imposed, and whilst that member is so suspended, he or she shall not carry out any duties or be entitled to any remuneration or allowances as a member of the Board”.

Interestingly, minister Sadique Kebonang’s name has cropped up in the case. He has since issued an affidavit to the Directorate on Corruption and Economic Crime (DCEC) distancing himself from the matter.

Kebonang, in his statement has confirmed that he has sold three houses to Bakang Seretse. When granting the trio bail recently, Regional Magistrate Mokwadi Gabanagae said the offence attracts a maximum of 10 years behind bars or a maximum of P20 million fine or both.