Former President Peter Mutharika and his Democratic Progressive Party are threatening to seek legal redress from courts against Former Vice President Khumbo Kachale over his alleged defamatory, malicious and damaging utterances
Kachali reportedly alleged the DPP administration borrowed $350 million from the Afreximbank which it diverted into DPP officials through FDH Bank.
Mutharika through his spokesperson, Shadreck Namalomba describes such claims as untrue.
“The Afreximbank participated in the country’s secondary debt market as they bought already existing Government securities in form of Treasury Notes which were being rolled over. One can therefore never talk about diverting such funds into DPP officials,” argues Namalomba in a statement.
It adds things have gone bad now compared to their due to poor economic policies and style of leadership they label “Chakwerarism”.
Kachali us yet to comment on Mutharika’s statement. But the Tonse government has repeatedly argued that the DPP has no moral ground on sound governance and economic management.
It says the party contributed even more to the economic mess the country is trapped in today.