mmegi

Consumer Authority opens police case against Ecoplexus

Pressing times: The Ecoplexus app where members could reportedly earn returns and track their investments
Pressing times: The Ecoplexus app where members could reportedly earn returns and track their investments

The Competition and Consumer Authority (CCA) has opened a case against Ecoplexus with the Botswana Police’s Serious Crime Squad, after noting “dominant criminal elements” in the investment scheme.

The Authority’s spokesperson, Gladys Ramadi, told Mmegi that the latest developments followed a preliminary investigation into the collapsed investment scheme.

“It should be noted that the Authority can only investigate the civil part of the scheme while Botswana Police Service will investigate the criminal elements of the scheme,” she said in an emailed response to questions this afternoon. “During the Authority’s preliminary investigations, it was observed that there are criminal elements dominating in the scheme. “The Authority has therefore registered a case with Serious Crime Squad for criminal investigations.”

Editor's Comment
Consult, get buy-ins first for 6 to 6 policy, Hon Minister

While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...

Have a Story? Send Us a tip
arrow up