Judgement due for Lerala diamonds seized in Belgium

Friday, November 15, 2019

High Court judge, Omphemetse Motumise is due to hand down judgement next month in a case in which the liquidator of Lerala Mine is suing the former owner over a 53,755 carat parcel of diamonds apparently spirited out of the country and sold just before the facility’s closure in 2017.

The liquidator, Kopanang Thekiso, acting on behalf of creditors who are reportedly owed about P30 million, filed the suit after suspecting the diamonds were taken away in order to keep them from the assets other creditors would be looking at in the liquidation.

According to documents filed in court, the sale of the 53,000 carats was initiated on May 28, 2017 through a company in which Kimberly’s majority shareholder holds a major stake.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Morupisi files for Garekwe recusal, cites bias

Sharon Mathala | 8 h ago

Fist of fury: Boyfriend fatally punches girlfriend

Lebogang Mosikare | 9 h ago

Man attacks girlfriend with hammer

Lebogang Mosikare | 9 h ago

Branch amongst podium places early into Dakar Rally

Kabelo Boranabi | 9 h ago

Orapa's chances hang by a thread

Larona Makhaiza | 20 Dec 2024

It's not what you think it is

Bongi D D M Radipati | 20 Dec 2024

“Value-laden system, anchored on Botho, will close out corruption”

Moeti Mohwasa | 20 Dec 2024

2024: What a year for Botswana!

LETLHOGONOLO LAMONG | 20 Dec 2024

Stay safe this holiday season

However, amidst the happiness, it is crucial to remember that the holidays can also bring unforeseen challenges. From increased traffic and travel hazards to heightened risks of accidents and social unrest, the festive period demands heightened awareness and responsible behaviour.Traffic congestion and accidents are a common occurrence during the holidays. With increased travel, roads become busier, leading to a higher risk of collisions. Alcohol...

Mmegi Editor | 20 December 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More