BancABC 'stolen' millions now cyber fraud, money laundering case
Friday, December 06, 2019

Attorney Motswagole
In the new twist, the accused persons, Trevor Boiteko, Omphemetse Kedikilwe and Mooketsi Kedikilwe are now charged with money laundering and cyber fraud.
The three were initially charged with theft contrary to section 264 read with section 271 of the Penal Code after they were accused of acting together and stealing US$ 2, 064 239.49 translating to about P20 million belonging to BancABC.
We are told of massive spin-offs for hosting countries, which we assume was the catalyst behind putting in the bid.We are not too sure if it is a one-size fits all, where any hosting nation reaps the benefits or it’s on a case-by-case basis.There are arguments from both ends, with hosting a sure way to accelerate infrastructure development and a guaranteed cash flow during the 30-days of the tournament.There is a bump in employment creation...