Seretse’s hope lies with Court of Appeal

This follows Justice Omphemetse Motumise’s recent judgment that Seretse and former director of the department of energy in the then Ministry of Minerals and Waters Resources, Kenneth Kerekang must forfeit their multi-million pula properties to the State as they are proceeds of crime. The troubled businessman, Seretse has been battling money laundering, corruption and cheating the public charges after he was fingered as the mastermind in the National Petroleum Fund (NPF) financial scandal and later had his assets held by the Office of the Receiver on behalf of the State.

His assets, which include high valued residential plots, top of the range vehicles, and have been held under a restraining order obtained by the State while it awaited the conclusion of the State Forfeiture case launched in terms of the Proceeds and Instruments of Crime Act (PICA).