Kgori Capital tap runs dry
Friday, June 01, 2018
Its attorney, Busang Manewe has revealed this after the company put in an urgent application to be allowed access to part of its funds kept in its restrained account before Lobatse High Court judge, Justice Godfrey Nthomiwa.
Last month, the Directorate of Public Prosecution (DPP) made an application 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 the call account held by Kgori Capital with Stanbic Bank Botswana.
These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...