Quest for pensioners' 'missing' millions resumes

Waiting in hope: Little recovery has been possible from the CMB matter
Waiting in hope: Little recovery has been possible from the CMB matter

The fourth and final hearing into the disappearance of more than P400 million from the Botswana Public Officers Pension Fund (BPOPF) is due to kick off next month, before creditors decide what civil action to take against the asset management firm at the heart of the matter.

CMB, now under liquidation, was contracted by the BPOPF in 2014 to manage an initial P500 million investment mandate in private, unlisted equity.

The asset manager and the pension fund fell out in late 2017 with allegations of misappropriation, at which point CMB had reportedly been given P477 million to manage.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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