Inside the P241m 'ironclad' Israeli spy deal

Friday, August 24, 2018

New spy boss, Peter Magosi’s bid to nullify a US$22.6 million (P241 million) deal with an Israeli arms firm, could be doomed to fail as his predecessor, Isaac Kgosi signed an ironclad contract which guarantees payment to the Israelis, Mmegi has established.

Exclusive documents seen by Mmegi this week suggest Magosi will have an uphill climb to avoid paying the Israelis the outstanding balance of P118 million owed for various military equipment, including weapons and drones supplied under the contract.

Kgosi, in an ongoing criminal matter in which asset manager, Bakang Seretse and others have been charged with money laundering, funded the contract by diverting P230 million he received from the National Petroleum Fund (NPF).

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