BPOPF reviews P3.5bn Kgori Capital mandate as Seretse resigns amidst money-laudering storm

Tuesday, December 12, 2017

Founding shareholder and managing director (MD) of Kgori Capital, Bakang Seretse has resigned from the fledging fund management company following his appearance in court last week over money laundering charges.

Seretse, along with business partner, Botho Leburu and BERA executive director, Kenneth Kerekang were released on bail on Friday in a case reportedly centred on funds withdrawn from the National Petroleum Fund (NPF).

“Yes, following his suspension from the company late last week, which was meant to give him time to deal with the issues he was facing, Mr Seretse today tendered his resignation. He provided us with a statement, which was basically explaining what happened and to confirm that this has nothing to do with Kgori Capital.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

By-elections often arrive quietly, triggered by unfortunate circumstances such as the death of the area councillor PIC: KENNEDY RAMOKONE

Moremaoto votes, parties face reality

Tsaone Basimanebotlhe | 1d ago

High Court orders ZCC Botswana to reunite

Laone Choeunyane | 1d ago

Day 3: Search for Maun missing boy continues

Staff Writer | 1d ago

Long 1,900km drive awaits netball teams

Calistus Kolantsho | 1d ago

Ngada to pip seasoned campaigners for AFCON place?

Kabelo Boranabi | 1d ago

Oneal R&B orchestra shares African story

Lucy Kgweetsi | 1d ago

Yarona FM to host Just Kidding Fam Fest

Nnasaretha Kgamanyane | 1d ago

Softball Spectacular to quench players’ thirst

Calistus Kolantsho | 1d ago

Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

The Monitor Editor | 02 December 2025

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

BPOPF reviews P3.5bn Kgori Capital mandate as Seretse resigns amidst money-laudering storm

Founding shareholder and managing director (MD) of Kgori Capital, Bakang Seretse has resigned from the fledging fund management company following his appearance in court last week over money laundering charges.