Mutharika Threatens Legal Action Against Former Veep Khumbo Kachali
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 c...