Botswana Savings Bank (BSB) board is suppressing details of a late night motor vehicle accident involving one of its top executives, even as it moved aggressively to suspend Chief Executive Officer (CEO).
The bank recently confirmed that CEO Nixon Marumoloa had been placed on “precautionary suspension” pending an internal process into unspecified matters. In a notice to the Botswana Stock Exchange, the board said the suspension was procedural and that Marumoloa “remains presumed innocent.”
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