CMB money trail leads to cases against Gaolathe, others

Gaolatlhe PIC: PHATSIMO KAPENG
Gaolatlhe PIC: PHATSIMO KAPENG

Investigators tracing about P600 million that the Botswana Public Officers Pension Fund (BPOPF) and Bona Life allege was mishandled by an asset manager, have filed legal cases against Alliance for Progressives president, Ndaba Gaolathe, former Minerals minister, Sadique Kebonang and others.

CMB, an asset manager firm now under liquidation shot into the national spotlight in 2018 when the BPOPF alleged directors there had manipulated a 2014 agreement to shifted pension funds to unclear investments and companies.

Gaolathe, who is also the former Member of Parliament for Gaborone Bonnington-South, first surfaced in the matter from documents subsequently unearthed by statutory managers engaged by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA).

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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