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
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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