The case involved millions of Pula reported to have vanished from the Botswana Public Officers Pension Fund (BPOPF) under the watch of Okaile and Marsland resulting in the liquidation of asset manager, CMB.
Marsland, who has been held in prison since his many warrants of arrest were issued in late 2019 and Rapula, had become the focal points when the scandal of misappropriation of funds surfaced at BPOPF. At the time they were directors of CMB, an asset manager company that was engaged to manage BPOPF funds and they were accused of dipping their hands in the public funds, they were subsequently charged with various charges such as money laundering and obtaining by false pretences. However, on Monday the High Court set the pair free of all charges and set aside Marsland’s warrants of arrest on grounds that the State’s decision to charge and maintain prosecution against the duo was irrational and ought to be reviewed. This was after former CMB bosses filed a review application before court seeking the charges be reviewed and set aside on grounds that the decision to charge them by the State was malicious and made in bad faith.
