NPF looting: Country's biggest white-collar crime

The accused NPF looters. Zein, Sadique, Seretse, Kerekang, Stimela PIC. THALEFANG CHARLES
The accused NPF looters. Zein, Sadique, Seretse, Kerekang, Stimela PIC. THALEFANG CHARLES

The National Petroleum Fund (NPF) has been looted. A quarter of a billion pula has been embezzled from the fund leaving Batswana with hurting frequent fuel hikes. In an attempt to nab the looters of the fund, after a long investigation by the Directorate on Corruption and Economic Crime (DCEC), six men including a High Court judge, a former Cabinet minister and an MP are facing 65 criminal charges, Staff Writers MPHO MOKWAPE & THALEFANG CHARLES report

The looting of the National Petroleum Fund (NPF) has been described as the biggest white-collar heist in Botswana; a country that prides itself on low corruption and strong governance. A fund that was designed to help cushion Batswana against the fuel hikes and inflation has been ransacked.

For Batswana, not only was the public purse robbed, but also the protection against high fuel prices that the NPF provided, was taken away. This year alone, fuel prices have gone up three times and although Energy authorities say the empty NPF coffers are not much to blame, analysts disagree.

Editor's Comment
Tighten the law on drug dealers

Our youth are perishing; their once hopeful bright future is going down the drain; all because of illicit drugs.It is very easy to blame the addict, but it is not as simple as that! Drug dealing is a very lucrative business for some shameless people amongst our society and as such they have come up with tight strategies on how to push their business.Drug addiction is bad, and while the individual on drugs sometimes might have been the one who...

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