Sentence adjourned again on Lutepo: Malawi cashgate convict to wait for assets review

Sentence on convicted businessman and chief cashgate defendant Oswald Lutepo has been adjourned yet again.

Lutepo: Assets to be reviewed by independent assesor before being given his sentence

Lutepo: Assets to be reviewed by independent assesor before being given his sentence

Lutepo, who was convicted on his own plea of guilty on charges of conspiracy to defraud government and money laundering of K4.2 billion ($9.3 million) between April and September 2013, will wait until August 31 to mitigate his sentence. He is currently in custody.

High Court Judge Redson Kapindu in Zomba registry on Friday allowed the State and convict Lutepo to engage an independent assessor to re-evaluate part of cashgate tainted property which he intends to restitute before hearing of sentence submissions starts.

Lutepo wants to restitute his Woget Industries Limited, currently undergoing bankruptcy proceedings, which the State had initially targeted for confiscation.

Woget is a subject of controversy following huge discrepancies that have resulted from valuations conducted separately by the State (at K293 million) and the defence at K1.427 billion (excluding the land on which it is planted).

Other assets of Lutepo, among them, International Procurement Services, O and G Construction Limited and Naming’omba Tea Estat

Lutepo’s lawyer Oswald Mtupila told the court they had agreed with the State to appoint an independent valuer for purposes of impartial opinion on the property’s value

He asked the court to allow 14 days “us to deal with the process of obtaining an independent valuer” and then proceed with the submissions for sentencing.

Deputy director of Anti-Corruption Bureau (ACB) Reyneck Matemba abd the Director of Public Prosecutions (DPP) Mary Kachale, representing the State, said it was in the interest of the State to resolve the discrepancies before sentence hearing starts

Judge Kapindu then adjourned the matter to August 31 and issued a warning that he would not tolerate any further adjournment of the case before submissions on sentencing begin.

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Madalitso
Guest

The envil that man do they just leave after them, so let be with them

curthbertsinclair
Guest

lol

bambo a owen
Guest

zizingotero mpaka chaka chita osaoneka mutu weniweni man

Wangs Wangzy
Guest

Lutepo was an agent of Bingu,therefore the revaluation is intended to hide some of the assets.Peter is walking the talk of Henry Mussa who advised to handle the issue of cashgate with care as it started in the reign of DPP.They are afraid of shooting themselves on the feet.JB is an Owel in this issue who recieved medication despite not being sick but owing to the fact that she had a big head insted of Kansiri. Wait for the sentencing,and see the game plan.

MANKHAMBIRA
Guest

IF THE GOVT SEIZED AND SOLD ALL PROPERTIES OWNED BY THESE CASHGATERS
INCLUDING THAT OF NAMATHANGA !!

RECOVER THE MONIES !!

AND ALLOCATE THE FUNDS INTO NECESSARY FIELDS !!

PETER; CHILIMA AND GOODAL COULD GET MY PASS MARK OTHERWISE NONE !!

Othyola Tea ku Thyolo
Guest
Othyola Tea ku Thyolo

Mdziko mukachuluka chibwana khothi limakhala lopepela

mj group
Guest

Nanga Kasambara mukuti naye bwanji/

maulid Kachipanda
Guest

to want plenty is to be confused but having plenty is more than being confused,work but do not expect more and u will be a happy man on earth,Lutepo wanted more thats why he is confused now. U,would-be offenders, watch out!!!

Big papa
Guest

dont worry biggy 2020 ndikangotenga bomali pa 6July wapanja basi.

Chejumo mai Banda
Guest

Koma zomwe akuona Lutepo abale. Kubadi ndikoipa. Ine amai ndinathawa. I blv Lutepo is one of the saddest people on earth.

wpDiscuz

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