Seretse’s lawyer Kgosietsile Ngakaagae told a magistrate court in the capital Gaborone that Khama used cash from the proceeds of the US$25 million allegedly stolen from the National Petroleum Fund (NDF) to build a house and buy himself a caravan.
He did not disclose the amount of money that Khama allegedly got for the personal properties.
The court heard that Masisi was also one of the top politicians who benefitted from the NDF funds as he allegedly pocketed about 3 million Pula (around US$300,000).
When asked if he was aware that Khama and Masisi benefited from the alleged stolen money, the investigating officer from the Directorate on Corruption and Economic Crime, Andre German, confirmed that he had interviewed Masisi and that he only got to know about Khama’s involvement in court.
Seretse is facing charges of fraud after the prosecution alleged that 250 million Pula from the NPF was illegally spent.
But Seretse argues that head of the Directorate of Security and Intelligence, Isaac Kgosi authorized all transactions and that he was acting on instructions from Kgosi.