State winds up investigation into K4.3 billion money laundering case

The State says it has completed investigations into money laundering case involving former Reserve Bank of Malawi Governor Dalitso Kabambe alongside three others.

Kabambe, Henry Mathanga, Rodrick Wiyo and Leah Donga were arrested in connection to a forensic audit report which revealed fraudulent local and foreign payments by the Central Bank.

According to the State, the four allegedly abused their authority by making a K4.3 billion payment to FDH Bank Plc without the RBM’s Board Approval.

In an interview, Director of Public Prosecutions Steven Kayuni said Court has set 12th August 2022 as commencement date for proceedings and the four are accused of negligence and money laundering.

He said: β€œThe honourable court had called the parties to give directions as to how the matter should proceed and hear from the State.

We informed the court that the investigations have been concluded and that we would be disclosing the evidence to the defense and that the court has set the matter for the 12th of August for the matter to start.”

Particulars of the case indicate that Kabambe as governor, Mathanga as deputy governor for operations, Wiyo as director of financial markets operations and Donga as senior dealer for finance and market operations, allegedly abused their authority made the RBM payment between January 1, 2019 and June 30 2020.

Kayuni added that there is a twist in the case as the State expects to effect more arrests in relation to the matter.

Without mentioning names of those to be arrested, Kayuni said the charge sheet and list of accused persons will change following this twist.

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