CMB's Marsland fights back against extradition

The DCEC has been leading investogations into the pension fund millions PIC: MORERI SEJAKGOMO
The DCEC has been leading investogations into the pension fund millions PIC: MORERI SEJAKGOMO

Capital Management Botswana’s (CMB) majority owner, Tim Marsland continues to fight against his extradition to Botswana, where authorities want answers on the suspected misappropriation of about P500 million belonging to the Botswana Public Officers Pension Fund (BPOPF).

This week, various sources close to the matter told BusinessWeek that Marsland and his lawyers are due to appear again in a Pretoria court for the continuation of an extradition hearing that began on Monday.

Marsland was reportedly taken into custody from his home on the outskirts of Johannesburg on Saturday morning by South African law enforcement, acting on a complaint laid by the pension fund and the local Directorate on Public Prosecutions (DPP).

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