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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.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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