Seretse loses P82m assets appeal


Local businessman, Bakang Seretse, has lost an appeal case in which he sought access to his assets, estimated at a value of P82 million, seized by the State pending investigations into the alleged missing funds from the National Petroleum Fund (NPF).

Seretse, entangled in a persistent battle with the Directorate of Public Prosecutions (DPP) over the alleged missing funds, lost his assets around September 2021. Justice Omphemetse Motumise of the Gaborone High Court had ruled at the time that he should forfeit the properties, including luxury cars and residential plots, as they were obtained through proceeds of crime.

In his appeal against the judgment, Seretse argued that the State's case was based on hearsay without concrete evidence and the assets were not individualised for proper assessment. The apex ruling before the Court of Appeal, Justice Edwin Cameron stated that the DPP had assembled a flood of evidence, including bank statements.

Editor's Comment
Let’s get the constitutional amendment right

Their concerns highlight the need for meaningful dialogue between government and relevant stakeholders to ensure the best interests of the country are served.This was in addition to other voices from opposition politicians and civil society organisations.The stance underscores the importance of citizen participation in the constitutional amendment process. The AFM rightly assert that such weighty matters demand thorough discussions to reflect the...

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