CMB's Marsland approaches a year behind bars

Marsland
Marsland

Capital Management Botswana’s (CMB) majority owner, Tim Marsland reportedly lost another bid for bail recently, taking his time behind bars to nearly a year, Mmegi has learnt.

CMB, an asset management firm now under liquidation, was contracted by the Botswana Public Officers Pensions Fund (BPOPF) in 2014 to manage an initial P500 million investment mandate in private, unlisted equity.

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

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Women unite for progress

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