State throws Masisi under the bus

President Mokgweetsi Masisi PIC. THALEFANG CHARLES
President Mokgweetsi Masisi PIC. THALEFANG CHARLES

In a new turn of events, the Directorate of Public Prosecutions (DPP) through their answer for further particulars requested by the defence in the National Petroleum Fund (NPF) saga has confirmed that asset manager, Bakang Seretse through Briscoe Attorneys donated some money to the then Vice President Mokgweetsi Masisi.

The donation was in the sum of over P2 million. The prosecution authority also confirmed in the new charge sheet that Seretse made yet another P300, 010 donation to Masisi through the same law firm.

Seretse made the donations through his company Basis Points Capital. The company is one of the fourth accused in a high profile criminal money laundering case involving the NPF. The NPF’s P250 million money-laundering case will be mentioned today at the Broadhurst magistrate’s Court with new faces in the dock.

Editor's Comment
Get back what was stolen, and lock the door

That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...

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