Former Reserve Bank of Malawi (RBM) Governor Dalitso Kabambe has been implicated in the K15billion stolen during the rule of former President Peter Mutharika which have been starched in Dubai and the United Kingdom.
Also implicated in the scam are owners of Malawi Sun Hotel, Mohammad Irshad Ahmed and Suhail Irshad Ahmed together with Mutharika’s wife, Gertrude and her son Tadikila Mafubza.
The group has been channeling out huge sums of cash to Dubai and UK in suspected money laundering activities through Kabambe during his tenure as RBM Governor and his other close aides who are still working at RBM.
“About K15 billion was siphoned out of the country through Kabambe who facilitated the whole deal as RBM Governor. You should also know that Kabambe is a relation to Mutharika and that is why it was easy for these people to siphon all this money out of the country,” said one officer at the centre of investigations of the case.
One of the investments made through Ahmed using the siphoned money is in Leicester, England called St George’s Auto Centre Limited through his father-in-law Faisal Karim.
Mrs. Mutharika and The former first lady and her son Tadikila were having a field day getting government contracts that were serviced by the Ahmed brothers.
Their company is already attracting red flags from European financial intelligence units and their companies are involved in theft through the adjustment upwards of prices of various goods and services.
Mrs. Mutharika and her son Tadikira have been named as co-owners of a bogus Dubai firm which made supplies to government at overpricing cost.
Government has meanwhile said it has instituted a probe into the dubious company.
Homeland Security Minister Richard Chimwendo Banda said: “I have directed that there should be an internal investigation on the matter.”
A cross check in Malawi showed that the Mrs. Mutharika and her son Tadikila’s company has a bank account in the country but there are no contacts like phone numbers and e-mail.
Meanwhile, Malawi Sun Hotel is also implicated on land grab scandal through political connections of the Mutharikas through former president’s aide Norman Chisale as errand boy of Mrs. Mutharika.
In Lilongwe, the Ahmed brothers got a huge piece of land in opulent Area 46 to build a five star hotel and a couple of housing estates co-owned by Mrs. Getrude Mutharika and son Tadikila.