Liquidator speaks on BCL Group assets

Liquidator: Dixon- Warren
Liquidator: Dixon- Warren

SELEBI-PHIKWE: Government is expected to submit a claim as one of the creditors against BCL Mine to recover monies used to pay back a Barclays Bank loan, provisional liquidator Nijel Dixon-Warren said recently.

Government, which is a shareholder, would also lay claim to the money that was used to pay former employees terminal benefits as well as royalties, once the liquidation process is finalised.

The provisional liquidator administered the payment of terminal benefits on behalf of government and the debt now sits with government.

Editor's Comment
Get back what was stolen, and lock the door

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...

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