Creditors urged to challenge BCL liquidation
Tuesday, October 18, 2016
He said this in a question and answer session during a recent meeting addressed by the Minister of Mineral Resources, Green Technology and Energy Security, Sadique Kebonang last week.
To the applause of the concerned business community and creditors, Keorapetse insisted that challenging the government’s decision is necessary because the liquidation is going to leave the town in serious problems.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...