Big fish swim in banks

11 January, 2008 in Botswana

source: Mmegi

GIDEON NKALA
STAFF WRITER

Just on the heels of corruption charges that have been slapped on former Debswana employees, there is yet another multi-million high profile case in the offing. This time it is the commercial banks that are said to be reeling from sophisticated fraud that has left them poorer by many millions of pula. The suspects are not just petty thieves but respected elders and men believed to be some of the country’s richest businessmen.

The grafters at the Directorate on Corruption and Economic Crime (DCEC) are said to be wrapping their investigations around a huge case of graft.

There is a belief that the suspected plunderers burnt a heavy black hole of up to several tens of millions of pula in the coffers of [continue reading]