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

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and BERA executive director, Kenneth Kerekang were released on bail on Friday in a case reportedly centred on funds withdrawn from the National Petroleum Fund (NPF).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

Editor's Comment
Shame on the Police!

According to a press statement from the police, unidentified armed men attacked on duty police officers at the station in the early hours of Tuesday.During the attack, the suspects stole 14 riffles, five pistols and an undisclosed number of ammunition.Although unconfirmed, it is alleged that the suspects were just carrying knives and axes, which they used to scare the men and women in uniform before they took them hostage to help themselves to...

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