ACB clears Matindi FM owner on cashgate: Lutepo has no stakes in Nserebo’s Agrofeeds

Anti-Corruption Bureau (ACB ) cleared Agrifeeds Limited and owner Elvis Nserebo, who also owns Matindi FM and Schools of any wrong-doing in the cashgate corruption scandal.

Matemba: Nserebo cleared

Matemba: Nserebo cleared

The clearance letter in Nyasa Times possession, dated 9th May, 2014, Ref No. ACB/DGG/8/10, was signed by ACB’s Deputy Director General Reyneck Matemba.

The letter clears rumours viral on the social media linking Nserebo and his companies to the theft of billions of kwacha at Capitol Hill.

It also seemingly dissociates the alleged ‘cashgate link’ to chief cas gate suspect, Osward Lutepo who is alleged to have siphoned 4.4 billion kwacha from the public purse and recently admitted in the media of wrong doing.

Reads part of the letter: “We have examined our records and established that currently the Bureau is not conducting any criminal investigations against either Agrifeeds or Mr Elvis Nserebo.”

It is reported that Nserebo’s companies under the banner Matindi Group, have been having bad businesses, with some clients allegedly severing ties with the conglomerate due to its alleged involvement in the cash gate.

And some officials privy to the group are confident that the clearance from ACB may revive some of the companies.

In the ACB clearance, Matemba urged Nserebo to conduct his businesses as appropriate.

“You may therefore proceed to transact your businesses as appropriate,” said Matemba.

Ownership

Major Companies under the Matindi Group which Nserebo chairs are Animal feed manufacturing company, Agrifeeds Limited in which his family has over 55% percent of shares as well as Matindi FM and Schools where his family has 100 percent stakes.

The Group has employed over 300 people.

Lutepo and Nserebo have been close allies for over fifteen years, but the two have no stake in each other’s companies.

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Abiti Sipoko
Guest

Manyazi agwire anthu a majelasi ndi kaduka.

Wezi Ngalamira
Guest

Amalawi kulankhula, Mulli owes Malawi Banks over K10bn koma munalankhulaye koma iye akumwa coffee ndi ana ake mpaka pano, ana ake akupita masukulu abwino inu mukulilabe eish amalawi tasiyani zautsiru

Oyamika
Guest

But MAtemba has not said Nserebo is cleared in all future investiagtions. All he said is that currently there are no investigations being conducted by the Bureau concerning Nserebo and Loot-Pal.

Banthu
Guest

Bwana ACB Deputy Director:

what kin of clearance is this? What prompted you to write this? Did Nserebo himself ask for it? Haye you written this based on all the evidence you have? Lucas: investigate your deputy!…and the English in the letter is very amateurish!!!

Vyamchi
Guest

Abale, Ambuye ndi wabwino…..tipumeko…..mphepo zitipiteko….mwina nkupeza mtendere. Asshiii, Dziko kuzunza!!!!!!

Yankees
Guest

Radio yopanda chinyengo ngati ijayi yapachisankhoyi, ndiye Matindi, mukudya tinkhuku ma Blaii ndiyo Matindiyo, pamene Radio zina zikufuna Masponcers kuti akupatsileni mpira pa Live, Matindi imakhala yafika Kale ndiye musatiwonongele Chitukuko, kaya adaba nawo kaya ayi koma ndiye enafe ubwino wandalamazake tikuuuwona, so Leave him alone apange Bussness, ansanje kagweleni uko, Bravo ACB!!.

mjiba
Guest

A bwana a Matemba the ACB cannot clear a suspect through letters as you have done. This is setting a bad precedence. This will come back to haunt you no matter how long it will take. Dont let shoddy investigations mislead you that there is no corruption. Do not say you were warned. The time is ticking.

Kashuga kamchere
Guest

Wayambano lutepo ku winner.money talk.

Arthur G.M. Mtambo
Guest

BE BLESSED.

KUCHITEKETE
Guest

IFE KWATHU NDIKUNGOYANGANA KOMA MULUNGU KUMWAMBA AKUDZIWA ZONSE POTI MASIKU ANO PAMALAWI UTSI UKUMATHA KUFUKA POPANDA MOTO!!!!!!! MA LAWYER KUIGWIRA NTCHITO PAMALAWI……DZIWANI KOMA KUTI TSIKU LINA KUMWAMBA KUDZATIULULIRA ZENIZEN..KABISALANI PACHIPANDEPO!!!!!!!!!

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