'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
Khama, Masisi should rise above personal differences

Hurt as he may have been, former president Ian Khama, Sir Seretse’s senior son who was given an opportunity to speak on behalf of the Seretse family, couldn’t mince his words as he took advantage to shred his successor Mokgweetsi Masisi to pieces.He, however, did not clearly mention names but he referred to Masisi as the leader of a political party that was founded amongst others by his father.He would also address him as the former State...

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