State winds up bank fraud prosecution case

The State has winded up a K150 million bank fraud case involving a businessperson Zameer Karim alongside a banker – Victoria Chanza.

The completion of the prosecution case follows cross examination of two recalled State witnesses whom the defense requested their testimony because the State added a forgery count against Karim.

The recalled State witnesses who testified on Monday were police investigator Yotamu Banda and Head of Credit at Eco Bank George Phuza.

According to lawyer representing Karim; Alexius Nampota, the evidence rendered by the State shows that his client did not forge any document as alleged by the State.

Said Nampota: “The police declined to look at vital documents touching on this case that showed that our client did not forge any letter from anybody, the letter they are saying was forged was done by the police themselves, we have produced documentation.”

Karim is answering charges bordering on fraud, forgery and altering false documents to obtain a loan of K150 million at Eco Bank.

Director of Public Prosecutions (DPP) Steven Kayuni said the State will be filing submissions on whether the accused have a case to answer or not as directed by the court.

“Today we wrapped up the matter and wait for the honourable court to make its decision after we file our submissions for case to answer and no case to answer by the defense and that will be 21 days from now,” Kayuni said.

According to Nampota, the K2.7 billion food ration contract was legitimate which Karim secured at Malawi Police Service (MPS).

Things twisted as Karim wanted to secure a K150 million bank loan from Eco Bank in accordance with the contract.

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