Gov't moves against Seretse, Kgori again

The Directorate of Public Prosecutions (DPP) has made an urgent application before Justice Tshepo Motswagole for restraining and forfeiture Orders in terms of Sections 39 and 11 of the Proceeds and Instruments of Crime Act. This is in relation to credit amount of P9,081,382.15 standing to the credit of call account held by Kgori Capital with Stanbic Bank Botswana

In his founding affidavit the acting Director of Public Prosecutions, Kabo Leinaeng listed interested parties as Kgori Capital, Bakang Seretse, Sharifa Noor, Alfonse Ndzinge and Stanbic Bank. Leinaeng explained that Seretse, Noor and Ndzinge were all interested parties in the property of Kgori Capital by virtue of their directorship and beneficial shareholding in the company. Stanbic Bank is the bank at which the money or property sought to be restraint are held in an account by Kgori Capital.