Juicy details have started to emerge as skeletons tumble out of the closet of embattled multi-billion private equity asset manager Capital Management Botswana (CMB) and the companies they invested in. The chief executive officer (CEO) of CMB – a subsidiary of Capital Management Africa (CMA) – Rapula Okaile is embroiled in a dirty fight with Regina Sikalesele-Vaka, the CEO of local insurance firm BONA Life. CMA is wholly-owned by Timothy Marsland. Last week Okaile slapped Vaka with a letter of demand for P650 million, being liability for her personal actions that destroyed BONA Life from being a billion Pula company in 2017 to its current zero worth/ value. "As a direct result of (your conduct), the current value of Bona is roughly zero. In the premises our clients have suffered damages due to your unlawful conduct and we are instructed to seek damages against you in your personal capacity in the amount of P650 million," reads part of the letter from Okaile's lawyers. Okaile and CMA are shareholders of Foudello (Pty) Ltd, collectively holding 65% of the issued equity. Foudello in turn owns 100% of BONA Life Insurance (Pty) Ltd. Vaka is a Director and shareholder of Foudello, owning 25%…