CMB, Okaile face 61 counts in fresh P450m BPOPF loot storm

Friday, March 06, 2026 | 770 Views |

Fresh charges have been levelled against former director of Capital Management Botswana (CMB), Rapula Okaile, who is now facing 61 counts related to the alleged misappropriation of funds belonging to the Botswana Public Officers Pension Fund (BPOPF).

Rapula is charged with CMB and its sister company, CMB Fund 1. At the time the alleged offences happened, from 2017, CMB was managing assets for BPOPF.

The charges relate to the handling of funds entrusted to the company to manage the pension fund’s assets, and the former director is left to face the storm alone after his co-director, South African businessman Timothy Marsland, allegedly took his life around April 2025.

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