Doom looms for Morupisi

President Mokgweetsi Masisi suspended Morupisi last month after he (Morupisi) appeared in court over corruption charges in connection with an alleged misappropriation of about P500 million from the Botswana Public Officers Pension Fund by asset management firm, Capital Management Botswana (CMB).

Masisi replaced him with Elias Magosi, on acting basis until further notice. On count one, which is abuse of office, the State says that Morupisi while employed as the PSP authorised CMB to administer BPOPF funds as a private equity manager and in the process obtained valuable consideration for himself and his wife’s company.