High Court gives Phiri all his frozen money

Friday, September 08, 2017

The High Court in Lobatse yesterday granted Botswana born, South African based businessman Simbi Phiri of Khato Civils access to the remainder of all his frozen accounts, which were partially frozen by the Directorate on Corruption and Economic Crime (DCEC) last year.

The graft agency froze the accounts while investigating the source of Phiri’s funds, then P25 million in foreign currencies, in various accounts at Stanbic Bank.

Delivering judgment, Justice Michael Leburu also ordered that the respondents bear the costs of the application.

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