19/05/2021
THESE ARE ENTITIES OWED BY BLUTHORN FUND MANAGERS
According to the Provisional liquidator's report, the company has liabilities worth 211,382 549 million P**a. The report further reveals that the assets are far less than the liabilities.
The liquidator's report shows that NBFIRA issued BFM with a Collective Undertaking license, with which BFM was to pool the funds of investors together for their collective investment securities, property or financial assets so as to spread the investment risk.
However, upon the BFM inspection by NBFIRA, they found out that BFM was not collectively investing investor funds, but instead it was managing the said funds individually and was charing each investor individually.
Bluethorn Fund Managers is a company owned by Kelebogile Kelly Sibisibi, the daughter to Kweneng District Council former Chairperson Jeffrey Sibisibi.
Ghanzi District Council 40 million P**a
Southern District Council 10 million P**a
Malete Land Board 4 million P**a
Hukuntsi sub-District Council 2 million P**a
Mahalapye sub-District Council 10 million P**a
BOSETU 16 Million P**a