Exposed! Morupisi, CMB links
Friday, May 11, 2018
It has become apparent that at least one of the cars impounded recently by the Directorate on Corruption and Economic Crime (DCEC) links a close family member of the PSP to the directors of CMB.
CMB, an asset management firm, is currently embroiled in a legal battle over a disputed P427 million of public pension fund assets. The row stems back to a 2014 deal with the Botswana Public Officers Pension Fund (BPOPF) which has been roundly criticised by legal eagles as being biased against the pension fund. Critics of the deal have described as mind-boggling the BPOPF’s decision to sign the lopsided contract under which it invested P477 million and was paid back P50 million.
These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...