'We'll weed out the monkeys guarding bananas'

Pelaelo
Pelaelo

Bank of Botswana (BoB) governor, Moses Pelaelo has issued what he calls a “clarion call” against money laundering in the country, saying public trust in the financial sector was being weakened by governance failures and corrupt office bearers.

In unusually frank remarks that come as the country reels from its recent placement on a European Union blacklist for money laundering, Pelaelo said part of the problem was that “bad apples” were moving from one place to the other within the financial sector, without check.

Several high profile scandals have rocked the local financial sector, involving hundreds of millions of Pula in pensioners and taxpayers assets. Some of the cases are presently in the highest courts and involve prominent people including asset managers, politicians and even a Judge.

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

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