Fresh bid to haul CMB bosses before creditors

Friday, May 31, 2019

A new liquidator for Capital Management Botswana (CMB) plans to haul the troubled firm’s directors before creditors in July, to account for the plus-P500 million in pensioner funds that went missing under their supervision.

The directors, Tim Marsland and Rapula Okaile, ignored subpoenas to appear before creditors at the High Court in February, a move that saw the hearings attended by former CMB staffers.

Okaile held a 25% stake in CMB and Marsland the balance at the time the asset management firm went into liquidation.

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Fresh bid to haul CMB bosses before creditors

A new liquidator for Capital Management Botswana (CMB) plans to haul the troubled firm’s directors before creditors in July, to account for the plus-P500 million in pensioner funds that went missing under their supervision.

Athletics likely to go solo at Olympics

Amidst BFA fights, Sebego raises hand for presidency

Chiefs puzzled by docking of points

Fitness trainer, Zongwane breaks barriers

Khawa dangles largest payout

Ex-badminton official maintains innocence

Kwa Nokeng Oil sponsors young biker with P120,000

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Routine child vaccination imperative