Monday, February 6Malawi's top news source
Shadow

Tag: Food

Dorothy Shonga and Magalasi case:Figure involved increased to K186 million

Dorothy Shonga and Magalasi case:Figure involved increased to K186 million

Corruption News
Prosecutors say the figure involved  in the money laundering and fraud case against former Malawi Energy Regulatory Authority (Mera) Chief Executive Officer Collins Magalasi and businessperson Dorothy Shonga has been adjusted to K186 million from K107 million. Shonga and Magalasi together with former Mera  public relations officer Patrick Maulidi and procurement officer Bright Mbewe were arrested in 2020 on accusations that they influenced Mera Internal Procurement and Disposal Committee to award a contract worth K107 million to Vink Enterprise which is owned by Shonga. Director of Public Prosecutions Steve Kayuni said the figure has increased due to evidence provided by 11 witnesses paraded in court during trial of the case. “The evidence is coming out clearly that the figure...
Dipak Jevant Paid for None Supplied Fertiliser

Dipak Jevant Paid for None Supplied Fertiliser

Uncategorized
Sealand investments limited in Lilongwe owned and run by Mr Dipak Jevant is being investigated for fraud and corruption by Fiscal Police and the Anti Corruption Bureau after records have shown that his three companies got paid for none supplied goods and services. Dipak Jevant got used to these deals in the DPP days after he was kicked out from Farmers World limited upon falling out with Pramod Kalalira. Even at Farmers World limited he did the same as he was trying to replace Admarc with private traders. Every farming season he used to fight for three companies to Sealand investments limited, Greenfields Agro limited and Africa Agriafrica limited. All these would be under paid and then push for interest. Jevant also used Pawooh Logistics and Midima Produce limited belonging to late Limu...
NEEF Customers Demands Their Deposit Back

NEEF Customers Demands Their Deposit Back

Local, Uncategorized
A group of business people who applied for National Economic Empowerment Fund (Neef) loans in Mzuzu tstormed office premises for the government-owned microfinance firm demanding their deposits back. According to one of the people, Kissa Thindwa, they are asking for their money back because it is taking long for the firm to give them the loans. Thindwa told Nation Online that Neef officials had called for a meeting, which took place on Tuesday, only to tell them that the firm does not have money for the loans. She said: “They said we should transfer to a World Bank Project, which is another long process and not for small businesses. "We are demanding our savings back with interests, because they [Neef] have benefitted from the money.” Neef public relations officer Whyton Kapasule could...