Marsland faces 30 criminal charges

Marsland PIC: MORERI SEJAKGOMO
Marsland PIC: MORERI SEJAKGOMO

With 30 criminal charges awaiting  him in Botswana, disgraced founder of assets management company, Capital Management Botswana (CMB), Tim Marsland, is currently languishing in a Johannesburg cell since July last year.

 Mmegi can reveal that documents show that 24 of those charges relate to money laundering, five of which are obtaining by false pretences and one of attempt to obtain by false pretence.

According to investigations, the charges were first shared with Marsland's attorneys around April 2019, while the charge sheet was shared in August 2019, a month after he was locked up.  

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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