The Anti-Corruption Bureau (ACB) has arrested Thuso Group’s official Ganizani Sionga Kuchombo for money laundering charges.
ACB spokeswoman Egritta Ndala said in a statement made available to Nyasa Times that Kuchombo was arrested in the capital Lilongwe in relation to payments that were made to Thuso Group without supplying contracted goods/services to the Malawi Defence Forces (MDF).
A total of K1.5 billion cheques were paid to South Africa based Thuso Group owned by Alexander Banda and Nelson Kauwa.
“The Bureau has established that part of the money paid to Thuso was transferred into Ganizani Sionga Kuchombo’s bank accounts both in Malawi and South Africa,” Ndala said.
According to ACB, Kuchombo is likely to be charged with one count of Money Laundering contrary to Section 35(1) (d) of the Money Laundering, Proceeds of Serious Crimes and Terrorist Financing Act and tax related charges
Ndala said Kuchombo will be taken to Court after the Bureau has recorded statements from him.Follow and Subscribe Nyasa TV :