Choppies on knife-edge as damning report looms
Friday, June 14, 2019
The flames at Choppies keep raging on
Sources privy to the ongoing probe claim that investigators are battling to untangle a complex web of ownerships and overlapping historical transactions involving senior executives that could have prejudiced the group and shareholders.
Choppies has been in crisis since last September when the Botswana and Johannesburg stock exchanges halted trading of its shares and requested clarification on the reasons for a delay in results for the year ended June 30, 2018.
The Speaker, Dithapelo Keorapetse, delivered a judgment on the allegations made by Moswaane regarding an influx of substandard medicines into the country. After reviewing a dossier of evidence, including savingrammes, letters from BOMRA, and even a death certificate, the Speaker concluded that the Minister was guilty of grave exaggerations.The ruling did not dismiss Moswaane entirely though. It acknowledged that some medicines had been recalled,...