Allegations Of Money Laundering � Kgori Capital
Monday, December 11, 2017
Kgosi Ngakaagae consulting with his clients Bakang Seretse, Botho Leburu and Kenneth Kerekang PIC. MORERI SEJAKGOMO
2. I must also state that I feel let down by the government and all the agencies of government that have been involved in this matter.
3. To put the allegations in their perspective, the government of Botswana, through the Ministry of Minerals and Green Technology requested that a sum of BWP 250 million be made available to the Directorate of Intelligence Service (DIS) for the construction of fuel storage. These funds were to be made available to DIS from the National Petroleum Fund (NPF).
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...