Missing P500m could be 'safe,' CMB claims

Friday, May 31, 2019

The hunt for the alleged missing P500 million of Botswana Public Officers Pension Fund (BPOPF) entrusted in the hands of Capital Management Botswana (CMB) and later reportedly fraudulently siphoned into foreign bank accounts could be a closed chapter.

That is, if documentations presented before the Directorate on Corruption and Economic Crime (DCEC) and the Directorate on Public Prosecutions (DPP) early this week, by embattled CMB managing director, Rapula Okaile, hold water.

Okaile and his lawyer, Gabriel Kanjabanga on Tuesday this week asubmitted to the DCEC and DPP all information regarding the “missing” funds.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Black gold: Minergy is one of the MDCB’s investments through a convertible loan. The coal mine is eyeing a turnaround in fortunes this year PIC: MINERGYCOAL.COM

The audacity to be a unicorn

Mbongeni Mguni | 19 Apr 2024

Faulty gadgets top complaints to BOCRA

Mbongeni Mguni | 8 h ago

Civil Society fights 'flawed' constitutional amendment

Innocent Selatlhwa | 2d ago

Civil Society calls for Constitution review governing Act

Innocent Selatlhwa | 2d ago

IEC rejects 2,513 registrations

Innocent Selatlhwa | 2d ago

Motshegwa prevails against detractors

Goitsemodimo Kaelo | 2d ago

Serowe woman ingests acid, attempts suicide

Pini Bothoko | 2d ago

Serowe man 'loses' P1m in trading

Pini Bothoko | 2d ago

Inspect the voters' roll!

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...

The Monitor Editor | 23 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Missing P500m could be 'safe,' CMB claims

The hunt for the alleged missing P500 million of Botswana Public Officers Pension Fund (BPOPF) entrusted in the hands of Capital Management Botswana (CMB) and later reportedly fraudulently siphoned into foreign bank accounts could be a closed chapter.

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Serowe man 'loses' P1m in trading

Inspect the voters' roll!