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and BERA executive director, Kenneth Kerekang were released on bail on Friday in a case reportedly centred on funds withdrawn from the National Petroleum Fund (NPF).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

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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.