Mmegi

Liquidator secures P5m more from CMB missing funds

Gabriel Kanjabanga
Gabriel Kanjabanga

The liquidator of Capital Management Botswana (CMB) has secured P5 million more from the management’s missing funds after the High Court ordered that prominent attorney, Gabriel Kanjabanga refund the liquidator.

Gaborone High Court judge, Omphemetse Motumise last week issued a judgment that the attorney refunds the liquidator the sum of P5, 000, 000.00 together with interest thereon at 10% per annum tempora morae.

“The transaction in terms of which P5m was paid from CMB and or the liquidated companies to the applicant (the Transaction) is declared void and stands set aside in terms of the notice,” said Motumise.

Editor's Comment
Boko should stop the fighting and start the delivering

With his theme of 'Delivering on Our Promise, One Step at a Time', he sought to project an image of a focused, determined leader building a new ‘Rome’. Sadly, parts of his speech were not about laying bricks, but about settling old scores.It is deeply worrying that a head of government would use such a pivotal national address to launch another bitter broadside against the media and his political detractors. His portrayal of the...

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