Staff Writer
The Gaborone High Court has granted bail to business figures Bakang Seretse, Sharifa Noor and Alphonse Ndzinge, who are facing a combined 64 counts of alleged financial crimes, including stealing by agent, conspiracy to defraud and money laundering.
The trio, linked to Kgori Capital and Kgori Holdings, were each ordered to bind themselves with P20,000 as part of their bail conditions. In addition, they are required to provide two sureties who will each bind themselves in the sum of P10,000. The accused persons have also been directed to attend court proceedings whenever required.
According to charge sheets presented before the court, the accused persons allegedly acted in concert on or about May 29, 2017, where they are said to have fraudulently converted P15,680,000 to the use of Kgori Capital without the consent of the Government of Botswana.
In a separate count, the court heard that on or about June 12, 2017, Kgori Capital — represented by its directors Seretse, Noor and Ndzinge allegedly converted P680,000 while acting as an agent of the Government of Botswana, again without lawful consent.
The prosecution further alleges that on March 29, 2017, the accused conspired together and/or with other persons unknown to the State to defraud the Government of Botswana. It is alleged they issued an invoice dated the same day to the Department of Energy under the then Ministry of Energy, Minerals and Water Resources, claiming that services worth P31,360,000 had been rendered. The State contends that this was done with intent to cause prejudice to the government.
In another charge, the accused are alleged to have made a false official statement with intent to deceive and defraud. The court heard that a letter addressed to Kgori Capital, purportedly authorizing payment as fees for the deployment of a revenue collection and reporting system, was presented as a genuine document while allegedly being false and unauthorized.
The matter will return to court on 14th April 2026 for status hearing.
