Bail granted for ‘Cash Madam’, Magalasi: Court assesses sureties 

August 5, 2020 Wanga Gwede - Nyasa Times 14 Comments

Lilongwe chief resident magistrate Violet Chipao has on Wednesday granted bail to  Malawi Energy Regulatory Authority (Mera) chief executive officer Collins Magalasi, his co-accused businessperson Dorothy Shonga  who prides herself as ‘Cash Madam’ together with  two  co-accused persons n a case involving alleged fraud of over K107 million.

Mera CEO Collins Magalasi and two other Mera officials, Patrick Maulidi and Bright Mbewe as well as businessperson Dorothy Shonga who are being accused of fraud and money laundering.

Magalasi, a one-time chief economic advisor to former president Peter Mutharika, is accused alongside  socialite ‘Cash Madam’,   Mera procurement officer Bright Mbewe  and Mera public relations officer Patrick Maulidi,  of fraud and money laundering.

All the criminal charges relate to a procurement contract awarded to Vink Enterprises, a company belonging to Shonga, for yet -to-be specified goods and services.

In granting bail on Wednesday, Magistrate Chipao ordered the suspects to pay a cash bond of K5000 000 each and to provide two sureties at a bond of K5 000 each non cash.

The suspects are also expected to surrender travel documents. They will also not to be allowed to leave Lilongwe without informing the commissioner of police and will be required to report once every fortnight to police.

The suspects are also to ensure their availability once needed and are not to interfere with witnesses in any way.

The court was set to meet again in the afternoon  to examine sureties before they are released.

The  assessments will determine whether the suspects should be released on bail.

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14 replies on “Bail granted for ‘Cash Madam’, Magalasi: Court assesses sureties ”

  1. Bail of K5.000 000, yes understandable, but surity bond – K5000??? Is this article saying the truth?

  7. Mai Magalasi (MG 1), mukumva bwanji mthupimo kuona bambo akuyenda side by side ndi bebi yawo? Kkkkk……

  8. Koma abale ma Court athuso pena pake! Anthu awa akuzungulira ndi K107 million inu mukuti bail out, akupatsane K500.000 kamene kali kongogula Matemba mtaunimu! Mmalo molandako Ka K10 million aliyese, kuti akamafa ndi Corona amutengayu, zathu zalowako. Fwetseke! Ganizani bwino pamenepa ndithu, atalandidwako Ka K40 million bolani, tiguleko zotetezela ma Health workers athu. Iyaaaa! Zopusa basi! Milandu imeneyi siimatha iyi, imangozungulira ngati lamba wa chigayo cha ma Refugees Ku Dzaleka.

    1. Inunso simutha kuwerenga ngakhale a Nyasatimes samatha kulemba. Jibrish imene alemba a Nyasatimes ikusonyeza K5 000 000 osati K500 000. Nonse mubwerere ku school.

  9. Anyasatimes mumakhala ndi phuma ndi chani kodi? ma figure simungalembe bwinobwino, mumakhala mukuthamangira kuti? this is very confusing mxiii

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