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Kgori Capital wins their money back

patriot by patriot
January 7, 2021
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Kgori Capital wins their money back
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The Board and Management of Kgori Capital notes and welcomes the ruling by the Court of Appeal (COA) this morning, the 26th of July 2019, in favour of Kgori Capital. This is with respect to frozen Kgori Capital funds at the request of the Directorate of Public Prosecutions (DPP) in 2018, disputing management fees owed to Kgori Capital.

The ruling highlighted that a contractual dispute need not have been escalated to alleged criminal charges, resulting in Kgori Capital being wholly exonerated of any assertions or allegations of “Money laundering”, “Cheating of public revenue”, and or “Obtaining money by false pretences.”

The COA ruling this morning overturns a previous order of the High Court on the same matter. Furthermore, the ruling effectively clears Kgori Capital of any civil or criminal wrongdoing in the management of NPF funds. “We welcome the ruling of the COA and are of course pleased with this outcome and to have this matter reach its conclusion.  We are equally grateful for our Judiciary system in that it avails everyone an opportunity to exercise their right to pursue any case or its outcomes in higher courts.  We further recognize the significant role that our courts play in ensuring that the administration of justice is undertaken with utmost fairness and impartiality.  I wish to extend our most heartfelt appreciation to our colleagues, clients and business partners, who have remained supportive of us during this challenging period.  It is as a result of this confidence that we continue to passionately perform our services with the outlook of creating the utmost value for our stakeholders. Kgori Capital remains a proudly Botswana business with its focus centred on serving our clients with PRIDE as a leading investment management firm,” Managing Director of Kgori Capital, Alphonse Ndzinge said.

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  • TENDER NOTICES: WUCJune 5, 2023
    DESIGN AND CONSTRUCTION OF LETLHAKANE WATER SUPPLY AUGUMENTATION SCHEME DESIGN AND CONSTRUCTION OF A 4KM PIPELINE AND A 200m3 ELEVATED GALVANISED STEEL TANK AT MMATSHUMO VILLAGE
  • VACANCY: Strides of Success (Pty) Ltd June 5, 2023
     TECHNICAL MANAGER (MECHANICAL)  Closing Date: 18th June 2023
  • Vacancy: Lucient Engineering and Construction (Pty) Ltd June 5, 2023
     Rigging/ Ropeman Coordinator  Closing Date:  20th June 2023.
  • Okavango Diamond Company returns to JCK Las VegasJune 5, 2023
    The company sees JCK Las Vegas as a key B2B platform in the diamond value chain ODC amplifies the origin and provenance of Botswana diamonds in its sales pitch Okavango Diamond Company (ODC) the largest source of guaranteed Botswana […]
  • Khamas form People’s Patriotic PartyJune 1, 2023
    BAKANG TIRO editors@thepatriot.co.bw A faction within Botswana Patriotic Front (BPF) aligned to the Khama family is hitting the ground running finalizing formation of a splinter party likely to be led by former MP for Palapye Moiseraele Goya. The Patriot […]
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