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DCEC declares Kgosi a suspect in NPF scandal

Publishing Date : 12 November, 2018

Author : TEBOGO KGALEMANG

In a new twist of events, former Directorate on Intelligence and Security (DIS) boss, Colonel Isaac Kgosi, has been warned and cautioned by the Directorate on Corruption and Economic Crime (DCEC) as a suspect in the on-going multi-million National Petroleum Fund (NPF) money laundering case this week.


Initially, Kgosi was to be a star witness for the state against his alleged co-accused Bakang Seretse, Botho Leburu and Kenneth Kerekang before the then Regional Magistrate Christopher Gabanagae at the Broadhurst Magistrate Court. Kgosi had earlier on deposited an affidavit on behalf of the Director of Public Prosecutions (DPP) on a related matter where the state was forfeiting assets belonging to Bakang. 


In the affidavit Kgosi denies knowledge of Khulaco, Bakang and Leburu. Khulaco is the Company at the centre of the NPF P250 million payment to the Israeli Company. It was later proved otherwise, where it showed that to the contrary; the DIS officially appointed Khulaco and provided all necessary documentation of Bakang and Leburu. This was further supported by a contract between Dignia Systems and Office of the President.  Kgosi’s interview comes on the back of strong resistance from him last week, but was otherwise persuaded by his advisors to consent to the interview.  


“Earlier he had threatened the DCEC investigators whom he felt were overreaching and way too junior to have a conversation with him,” said a source. He was interviewed by investigators Andries German, Lebogang Moshasho and Thuso Motsheganetso. WeekendPost is reliably informed that the interview which eventually took place on Monday ran for several hours and was in the presence of Kgosi’s lawyer, Unoda Mack.


“Of interest to the DCEC was the P250 million paid to the Israelis; Kgosi’s relationship with the company and if he derived any personal benefit from the procurement; the need for procurement, and if any study motivated the procurement; Kgosi’s spending habits; possessions and relations, and his relationship with the accused persons in the money laundering case.” Sources who were part of the meeting also hinted that Kgosi was perplexed at the extent to which DCEC wants to review all state secrets.


“He was uncomfortable sharing state secrets with people who he deems way too junior,” said a source. The warning and cautioning of Kgosi comes at a time when those following the NPF money laundering case are asking themselves if Kgosi forms part of the list that DPP wish to add to the charge sheet come November, 29. At the last mention, the DPP had made an excuse that they could not start prosecuting Bakang and company saying they were yet to add more people to the charge sheet. 


Meanwhile sources at the DPP say the DCEC is finding it difficult to mount a serious case of money laundering against the accused and instead want to amend the charge sheet to theft against Bakang. 
“This is because the case bears no hallmark of money laundering. The sources of funds are known, the destination of money is known, the use of money is known, the payers or facilitators were all vetted locally and internationally. “

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