Gaolathe, CMB enter settlement talks

Gaolathe got into a legal battle with the CMB liquidator when investigators tracing about P600 million that the Botswana Public Officers Pension Fund (BPOPF) and Bona Life allege was mishandled by an asset manager, filed legal cases against Alliance for Progressives president, Gaolathe, and others.

CMB, an asset manager firm now under liquidation shot into the national spotlight in 2018 when the BPOPF alleged its directors had manipulated a 2014 agreement to shift pension funds to unclear investments and companies.