CMB case: Contractual dispute turns criminal matter

CMB case:  Contractual dispute turns criminal matter
CMB case: Contractual dispute turns criminal matter

The matter involving the alleged missing P500 million of Botswana Public Officers Pension Fund (BPOPF) entrusted to Capital Management Botswana (CMB) could be an issue of contractual dispute not criminal matter.

The alleged missing funds were later reportedly fraudulently siphoned into foreign bank accounts leading to what turned into a high profile money laundering case.

It is safe to argue that just like Kgori Capital, CMB might be another victim of gross abuse of office and power by prosecutions authority.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

Have a Story? Send Us a tip
arrow up