Friday, June 21, 2024

Debswana denies deputy sheriff entry over P38 million writ of execution

There was a standoff between the deputy sheriff and Debswana Diamond Company (Debswana) this past Friday as the company refused to allow him to attach property following a court order.

The deputy sheriff pounced on Debswana immediately following a Court of Appeal decision in favor of his client, Liftoff Investments. The deputy sheriff had successful applied for a writ of execution order in anticipation of a possible victory at the Court of Appeal. The order, made in favor of Liftoff Investments, was in the amount of P38 million.

The deputy sheriff, Omphemetse Kaisara, was directed to attach the movable property of the diamond mining company amounting to P38, 511, 246,89 plus an interest at the rate of Bank of Botswana Discount rate (3.75% plus 3% simple interest) effective from June 14, 2021 to the date of payment.

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