Kgori Capital relentlessly fight for frozen funds

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Kgori Capital has made it clear that it intends to appeal the seizure of its funds. The asset management company recently lost access to its funds after a court order was issued to freeze its accounts again. This was after the funds were put back on ice at the request of the Directorate of Public Prosecutions (DPP).

Kgori Capital has not been able to stay off the radar of the Directorate on Corruption and Economic Crime (DCEC) since it was implicated in the biggest money laundering scandal involving the National Petroleum Fund (NPF). Its former director, Bakang Seretse was charged for, amongst others, money laundering in the ongoing NPF case.

Now, in a brief statement Kgori Capital said it will fight to stay in operation by challenging that the funds be released when they appeal the judgement.

Editor's Comment
Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

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