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Liquidator secures P5m more from CMB missing funds

Friday, April 25, 2025 | 800 Views |

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.

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Liquidator secures P5m more from CMB missing funds

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.

Disc, license renewal requirements waived amid system failures

This is not reversal born of weakness- Salakae

Batlokwa reject Tlokweng expansion plan

Enough is enough – Kgosi Gaborone

CoA dismisses Meswele convicts' appeal against 40-year imprisonment

‘Insurance killer’ case leaves family in ruins

Serowe police probe Mogorosi tragedy

Man found seriously injured by Letlhakane roadside

BPF should get house in order