CMB's Marsland approaches a year behind bars

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.

Editor's Comment
Justice delayed is trust denied

Batswana who marched peacefully for 'Justice for Tshepi' demanded answers. They have now received a detailed account of police investigation and a promise that the file is with the Directorate of Public Prosecutions (DPP). The real test is whether the state now keeps its word without further prodding. In his address, the minister asked the nation to trust the process. He spoke of rigour, not neglect, and pointed to 10 months of...

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