Botswana Savings Bank has confirmed placement of its chief executive, Nixon Marumoloa, on precautionary suspension. The state owned banker’s board says it has opened an internal process to investigate unspecified matters. The bank disclosed the development in a market update issued on BSE News, emphasising that the suspension is procedural and does not amount to a finding of wrongdoing. Marumoloa “remains presumed innocent” while the process unfolds, the board stressed.
There's more to this story
But to keep reading, we need you to subscribe.
Investigative journalism is an indispensable part of a healthy society, but it's also expensive to produce. We are reliant on subscriptions to fund our work, and while you can enjoy most of our stories for free, a small number of premium features are reserved for subscribers.
You can subscribe for one week, a month or a full year - the choice is yours.
Save 77% on an annual subscription. Click here to find out how.
Existing subscribers can log in to keep reading here.
