BDP demands prosecution of money launderers 

SHARE   |   Monday, 18 December 2017   |   By Phillimon Mmeso 
BDP demands prosecution of money launderers 

The Botswana Democratic Party (BDP) has condemned the alleged looting of government coffers at National Petroleum Fund and alleged money laundering. Recently Kgori Capital Managing Director Bakang Seretse, Basis Point Capital Managing Director Botho Leburu and former Energy Affairs Director Kenneth Kerekang appeared in court over allegations of money laundering, resulting from the transfer of money from the National Petroleum Fund to some accounts in Israel. They are now out on bail while investigations continue on the matter. BDP Secretary General Mpho Balopi has as the ruling party they came up with institutions like Financial Intelligence Agency and Directorate of Corruption and Economic Crime (DCEC) because they distaste corruption and money laundering. Balopi called for non-interference in the investigations by FIA and DCEC on the case. He said that Botswana is a not a Laissez-faire country whereby people can just violate the law, stressing that if investigations show that there have been some money laundering the accused should be prosecuted. When Seretse was arrested the Minster of Mineral Resources, Green Technology and Energy Security Advocate Sadique Kebonang was quoted in the Sunday Standard newspaper revealing that most political leaders across party divide have benefitted financially from Seretse. BDP has distanced itself from the issue. “We have raised funds through various means even donations as long as they are from a lawful sources,” said Balopi.



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