Mystery shrouds Stanchart CEO exit
Thursday, February 16, 2017
The CEO’s resignation comes as reports swirl around the bank over a letter by Oseg CEO, Pheko Majakathata in which he complained to the Bank of Botswana about what he termed “incidences of corruption, understating of impairments and falsification of information as perpetrated by the leadership of Standard Chartered Bank”.
In his letter to Bank of Botswana director of banking supervision, Lesedi Senatla, Majakathata claims that after failing to service his debts with Stanchart, his efforts to rehabilitate the business and the debt were deliberately frustrated by Stanchart’s leadership of the bank.
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...