Kingdom Bank liquidator, creditors fall out

Friday, March 11, 2016

A dearth of trust between Kingdom Bank creditors and liquidator, Deloitte’s Max Marinelli has seen the relationship between the two parties irretrievably breaking down leading to the resignation of the later.

A creditors meeting held in Gaborone last week resolved to relieve Marinelli of his duties and proposed to appoint a new liquidator.

Director of tax services at Deloitte, Terry Brick told BusinessWeek their company is no longer handling the liquidation process and will hand over to the proposed new liquidator, Peter Collins, once he has been endorsed.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

selefu

4 h ago

Tribunal cancels P1.8bn tender

Innocent Selatlhwa | 22 Nov 2024

Khama IV finally breaks BaNgwato royal jinx

Sechele Sechele | 22 Nov 2024

May we borrow your youth?

Bongi D D M Radipati | 22 Nov 2024

Boko’s fiscal path takes shape

Mbongeni Mguni,Pauline Dikuelo,Lewanika Timothy | 22 Nov 2024

BDP was never a liberation movement

Monageng Mogalakwe | 22 Nov 2024

Housing provision tops Boko’s priorities

Spira Tlhankane | 22 Nov 2024

Boko ‘mute’ on immediate promises

Spira Tlhankane | 22 Nov 2024

The corrupt must be punished

The findings reveal a disturbing pattern of misconduct and lack of transparency that cannot be ignored.The Tribunal, led by Judge President Justice Kabelo Lebotse, has rightly condemned the Ministry for its eyebrow raising conduct in awarding a P1.8 billion water tender to China Civil Engineering Construction Corporation (Pty) Ltd and Zhong Gan Engineering & Construction Corporation (Pty) Ltd.The award was made despite alleged clear evidence that...

Mmegi Editor | 22 November 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