Kingdom Bank liquidator, creditors fall out

Marinelli
Marinelli

A dearth of trust between Kingdom Bank creditors and liquidator, Deloitte’s Max Marinelli has seen the relationship between the two parties irretrievably breaking down leading to the resignation of the later.

A creditors meeting held in Gaborone last week resolved to relieve Marinelli of his duties and proposed to appoint a new liquidator.

Director of tax services at Deloitte, Terry Brick told BusinessWeek their company is no longer handling the liquidation process and will hand over to the proposed new liquidator, Peter Collins, once he has been endorsed.

Editor's Comment
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

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