Delta Dairies to be liquidated

Going under: The milk company will be sold off to pay off creditors
Going under: The milk company will be sold off to pay off creditors

Dr Howard Sigwele, the citizen promoter of the milk company Delta Dairies, lost big yesterday at the High Court when justice Terence Rannowane ruled that the multi-million Pula company be liquidated.

Sigwele had tried in vain to stop the court from shutting down the company after it was put under provisional liquidation in August.

In granting orders that the milk company winds up, justice Rannowane said its finances were in a perilous state, and quoted various independent audit reports and numerous lawsuits filed by creditors against Sigwele’s company.

Editor's Comment
The State apparatus must be sanitised

When the State cannot rely on its own machinery to pursue suspected wrongdoing, repairing that machinery must become a national priority.The establishment of a Special Investigations and Asset Recovery Task Force may help government respond to the immediate challenge. However, Botswana cannot afford to leave the Directorate on Corruption and Economic Crime (DCEC) and the Directorate of Public Prosecutions (DPP) struggling whilst building...

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