Quest for pensioners' 'missing' millions resumes

Friday, June 19, 2020

Waiting in hope: Little recovery has been possible from the CMB matter

The fourth and final hearing into the disappearance of more than P400 million from the Botswana Public Officers Pension Fund (BPOPF) is due to kick off next month, before creditors decide what civil action to take against the asset management firm at the heart of the matter.

CMB, now under liquidation, was contracted by the BPOPF in 2014 to manage an initial P500 million investment mandate in private, unlisted equity.

The asset manager and the pension fund fell out in late 2017 with allegations of misappropriation, at which point CMB had reportedly been given P477 million to manage.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Due soon: FlyNamibia will launch the Windhoek-Maun route in July

FlyNamibia set to launch Windhoek-Maun flights

Keto Segwai | 2d ago

Motse wa Setso more than a music festival

Lesedi Mkhutshwa | 2d ago

Creatives raise hands for political office

Goitsemodimo Kaelo | 2d ago

Levy on Technical Devices calls blind, partially sighted

Correspondent | 17 h ago

Kenosi’s love for Afro hair births Frocrowns

Nnasaretha Kgamanyane | 2d ago

Mangomolo to deliver NOW! Online Channel

Correspondent | 2d ago

Zacci WaBantwana releases Batswana Ke Kopa Skeem

Nnasaretha Kgamanyane | 2d ago

BNSC powerless as fights escalate

Calistus Kolantsho | 2d ago

Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

The Monitor Editor | 23 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More