Court jails Stanley Mtambo for K78m Cashgate, walks free next month

High Court in Lilongwe has sentenced Cashgate convict  Stanley Mtambo on charges involving K78.6 million and was convicted.

Cashgate shame: Convict hiding face with newspaper

Mtambo was convicted on November 2 2016 when he pleaded guilty to a money laundering charge.

Judge Semi Chombo sentenced since sentenced Mtambo to 16 months in jail.

The convict opted to start his sentence immediately despite the Director of Public Prosecutions (DPP) Mary Kachale asking the court to put on hold proceedings into the sentencing of Mtambo until all the accused persons were sentenced in what is expected to be a lengthy trial.

And having served a large part of the sentence, he is expected to be out by first week of March 2018, his lawyer Andy Kawonga confirmed.

Kachale said prosecutors welcome  a lenient sentence to Mtambo as it  proportionate to the cooperation he rendered to investigating agencies and his decision to plead guilty early in the trial.

Judge Chombo also noted that Mtambo further helped the State about the availability of CCTV footage from Nedbank where his company, Walusako General Dealers, had an account and another Cashgate convict Leonard Kalonga  and Mtambo had gone on one occasion to withdraw millions of cash “stashed in bags”.

But Mtambo will still be in dock as one of the accused persons in the K2.4 billion Cashgate also involving former budget director Paul Mphwiyo.

Others in the case include  former accountant general David Kandoje and one Auzius Kazombo-Mwale and convicted civil servant Maxwell Namata denied various counts, including conspiracy to defraud, theft by a public servant, theft by a servant, negligence and money laundering, among others.

Others who pleaded not guilty to related charges were Steven Phiri, George Banda, Michael Mphatso, Samuel Mzanda, Andrews Chilalika,  Clemence Madzi, Rosevelt Ndovi, businessperosn Stanford Mpoola,  Fatch Chungano, Cecilia Ng’ambi, Gerald Magaleta Phiri, Sympathy Chisale  and Ndaona Satema.

Businessperson Limumba Karim  remains a fugitive of justice in the matter.


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6 years ago

mzembe mzembe mulibe manyazi, kodi kumpoto sikumalawi? mukapita kumpoto mukapezako achewa, a yao, a lomwe ndi ena onse. chomdzi modzinso tika pita kumwera ndi pakati mukapezako anthu a mitundu yonse. Anthu amene mumakhala pansi ndi kumanena zamitundu ndinu omvesa chisoni. Umunthu wa munthu can not be defined by his/her geographical location or a tribe he/she belongs to. For example what makes your region or tribe special? Ndinu omvesa chisoni kwambir a mzembe mzemba, vuto ndilakuti mulipo ambiri anthu ngati inu amene sukulu sinakuchoseni umbuli. Chimene munakaphnzirako kusukulu ndikuziwa kulemba basi

Listen and Love
6 years ago

The huge amount of money involved in this clearly thought out and well schemed premeditated crime outweighs those mitigating factors considered by the court. A lengthy jail term is a strong message to would be offenders while this joke of a sentence only precipitates this crime. MY LADY, THIS IS MISCARRIAGE OF JUSTICE AND AN INSULT TO ALL HARDWORKING AND HONEST MALAWIANS. THE COURTS ARE LETTING THIEVES TO BENEFIT FROM THEIR CRIMINAL ACTIVITIES. CRY BELOVED MALAWI.

6 years ago


Mavwembe Mzembe Zembe
6 years ago

Hey, Mr Bandura who worked at the Director of Buildings must also be mentioned in the list of cashgaters. The guy is very very bad. Apart from stealing Government monies, he also used to approve or work on designs of construction projects only for the northern region. He used to indefinitely delay Government projects for the Central and Southern Regions. This is why there are more schools (ratio) in the North than anywhere else despite having a small handful population .The guy Bandura stinks.

6 years ago

Enjoy your freedom you accepeted your sins.

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