Over $48m distributed to SA banks in Botswana money-laundering case

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Botswana government had requested for mutual legal assistance in the case of the Bank of Botswana.

Afriforum says approximately $48 million was laundered from the Bank of Botswana via international accounts and distributed to banks in South Africa.

During a media briefing, Nel said the brief on the case from the DPP was to facilitate developments relating to a request for mutual legal assistance in the Bank of Botswana case. “During a bail application by the accused in this matter, the South African banks agreed to furnish letters to an individual without a warrant, that indicated certain accounts didn’t exist. The banks didn’t assist law enforcement in Botswana, but issued letters to this individual which will also be investigated.

“The justice department and NPA simply told us that they haven’t received the application to deal with. South African authorities are obligated to respond to the request for mutual legal assistance which will the investigation moving forward,” he said.

 

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