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.

Follow and Subscribe Nyasa TV :

Please share this Article if you like Email This Post Email This Post

More From Nyasatimes

More From the World

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

  1. Abiti Sipoko says:

    Manyazi agwire anthu a majelasi ndi kaduka.

  2. Wezi Ngalamira says:

    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

  3. Oyamika says:

    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.

  4. Banthu says:

    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!!!

  5. Vyamchi says:

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

  6. Yankees says:

    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!!.

  7. mjiba says:

    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.

  8. Wayambano lutepo ku winner.money talk.

  9. KUCHITEKETE says:

    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!!!!!!!!!

  10. Pady Mpale Banda says:

    good news, matindi fm timaifila iyambileso basi.

  11. Ezekiel says:

    Musiyeni munthu wopemphera uyu.

  12. Masharubu says:

    Please leave Nserebo alone . The man is already going through a lot of mental torture as a result of badly managed bank loans . As we speak now, he is on the verge of bankruptcy . Let’s not kick someone who is already groaning on ground .

  13. mboba says:

    Jealous basi

  14. Willard says:

    Bwana yambani kudya tsano Congratulations asaa!!!

  15. Nkhombokombo says:

    The techinicalities of approach to the case have failed the case. Who knew and cared that Lutepo and Maserebo had been friends for that long? What was the link with Matindi Group with Lutepo Group of Companies? The pointers were right but the caretakers were misguided. Almost all these cases will be concluded in the same manner. Amen!

  16. Godfrey Banda says:

    Malawi at fifty years has no stadium where we can watch football at 11pm because of kunenana mabodza basi. Njala, nthenda ndi nsanje. Lets stop this a malawi, the time we waste on mabodza of spent on projects Malawi would change. When a president is elected mmalo momupanga support we are busy with federalism, the president then stops thinking projects and think of fighting federalism. Eish Malawi, if you close business za anthu amenewa ndi mabodza nanga 300 employees abale anu amalawi anzanu apita akadye ku Queens? Eish.

    Ena mukaba ku Matindi mukufuna asakuchotseni ntchito, when fired busy pa Nyasa Times. Stop this.

Comments are closed.