Over 70 firms eye BCL assets
Tuesday, August 08, 2017
Dixon-Warren says deadline for submission of expression of interests closed yesterday
Provisional liquidator Nigel Dixon-Warren, who can only be confirmed as final liquidator by the creditors at their next meeting, said there has been positive response from interested parties on BCL as evidenced by a lot of enquiries coming in.
“Over 70 companies have expressed interest. We will do background checks on potential buyers when it comes to the due diligence exercise,” he said.
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...