Liquidator recovers P3.5m more from missing pension funds

Justice Chris Gabanagae of Gaborone High Court in a recent judgment ruled in favour of Kopanang Thekiso, CMB’s liquidator, in a case in which prominent businessman, Moitsheki Lekalake, was challenging the recovery of funds he allegedly received from CMB.

CMB, now under liquidation, was contracted by the BPOPF in 2014 to manage an initial P500 million investment mandate in private equity. The asset manager and the pension fund fell out in late 2017 following allegations of misappropriation, at which point CMB had reportedly been given P477 million to manage.