Civil servants and pensioners may be fleeced of almost P1 billion over an questionable investment made by Botswana Public Officers Pension Fund (BPOPF) through one of its private equity porfolio asset managers in November 2014, The Patriot on Sunday can reveal. Sources at Government enclave have revealed a transaction that chronicles poor investment decisions, risky exposure and a partnership gone awry after the multi-billion pula BPOPF gave the asset manager P830 million as investment funds. An investigation of that investment, made in the form of a private equity fund -known as the Botswana Opportunity Partnership (BOP)- set up by local asset management firm Capital Management Botswana (CMB) has uncovered numerous breaches and violations to terms of the partnership. Nothwithstanding the alleged breaches by CMB, legal experts warn that it is near impossible for BPOPF to reprimand the asset manager, recover the millions or terminate the partnership without huge losses. In a curious turn of events, a report of the investigation which uncovered breaches that expose BPOPF investment to huge risk has divided the board of trustees and strained relations between management and the board. Impeccable sources within the public service indicate that the Chief executive Officer Boitumelo Molefe has been…