Dirty cash crackdown seizes P132m in cash, assets
Friday, July 26, 2019
Of this figure, P112.9 million in cash is in an interest-bearing account at BancABC pending court battles, while the balance of the value is in assets that have been taken over. Documents seen by Mmegi this week show that in the 24 months since the Office’s establishment, the pile of suspected dirty money has been growing rapidly.
The documents show that during that period, an amount of P11.1 million in cash was forfeited to the State, while the balance remains in the BancABC account. The forfeited cash is separate from the P112.9 million.
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...