Gov't freezes P183m in fraud-linked assets

Friday, May 01, 2026 | 260 Views |

In pursuit: The Finance Ministry led a multi-agency dirty money assessment, whose report was recently published

The country’s financial watchdogs have frozen close to P184 million in assets believed to be proceeds of financial crime, as prosecuting authorities chase after ill-gotten funds.

As at January this year, the figure was standing at P179 million, showing that there was an uptick in detectable assets that are believed to be the proceeds of fraud, money laundering, or corruption.

Delivering the findings of the recent country risk assessment report on money laundering and financial terrorism, a task team comprising of the country’s financial watchdogs, investigators, and prosecuting authorities, this week revealed that the wheels of justice were starting to turn on ill-gotten assets that are proceeds of crime.

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Let the courts follow the money

“Law and order are the medicine of the body politic and when the body politic gets sick, medicine must be administered.”– B.R. AmbedkarThe amount of money at play threatens to test the integrity of the country’s financial system, giving more reason to why the courts must be fully given leeway to lean on the matter and reach a conclusion.Botswana has spent decades building her reputation as a stable and credible financial jurisdiction.The...

Mmegi Editor | 26 June 2026

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