BPOPF battles to retrieve P477m from CMB

Molefe
Molefe

The Botswana Public Officers Pension Fund (BPOPF) is battling to recover P477 million in assets and cash from Capital Management Botswana (CMB) following the termination of a private equity investments contract between the two parties.

BPOPF is reported to have terminated CMB mandate after investigations revealed that the fund manager flouted agreed investments policies and guidelines.

Industry insiders say the contract was terminated on October 30, 2017 with an order for the fund manager to return all assets, but CMB has not complied with BPOPF’s demands.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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