Lippe suspended

Mmegi understands the decision was taken by the Board at its meeting yesterday. Board chairman at BTC, Leon Makwinja would not immediately disclose the reason for the indefinite suspension of the CEO but told Mmegi that enquiries are on- going, and that they have not set a timeline for Lippe's suspension.

"It is an internal matter and it will remain that, discussing the reasons for his suspension now would prejudice the case as he remains our employee," Makwinja said in a brief telephone interview, adding that details would come out later today.