Email a copy of 'Auditor Kalanda testifies against Illovo Malawi over claims of fraudulent financial transactions' to a friend
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Email a copy of 'Auditor Kalanda testifies against Illovo Malawi over claims of fraudulent financial transactions' to a friend
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Mzimba South West legislator Khumbo Kachali, who is also a former State vice-president, has said people have lost trust with the ...
Not surprised! This is as a result of a sleeping government. This multinational has siphoned millions of kwachas from Malawi, avoided paying tax, pay less for the pension fund of its employees and exploit Malawians both shareholders and it’s employees. Just Wait, you will hear that next week one of the Ministers will be at one of the estates dinning!!! Wake up and put the interest of the country beyond a bale of sugar. Check their procurement procedures. They buy most if not all items from a company in South Africa called east African companies. It is this company they… Read more »
These are the fertile grounds upon which corruption take roots – adjourning the case up to late MAY!!!! this is denying the country fair justice. such cases need conclusion within reasonable period
This case provides a serious watershed point upon which MRA must change its rules and laws. What Illovo has done for a long time is repatriated profits in form of management fees and other uncalled for charges. These are the ones that should be taxed at 100% to avoid transfer pricing and profit remittance. Personally, I am just amazed about how ignorant Shabir Latif is on these matters. ILLOVO NEEDS TO BE PUNISHED AND RETROSPECTIVELY FOR THAT MATTER. Once this is done, the Government of Malawi with the assistance of MRA should also look at what other international companies are… Read more »