Court orders Zameer to pay back Malawi govt K2.3billion
High Court of Malawi – Commercial Division has ordered businessperson Zameer Karim of Pioneer Investments to pay the Malawi government about K2.3 billion in connection with the infamous Malawi Police Service food rations contract.
The office of the Attorney General had sued Karim and his company to claim a refund of the money government paid CDH Investment Bank Limited. He obtained K700 million loan to the bank on an agreement of assignment of proceeds of the contract to the bank.
But the court learnt that when payment was made, it was paid directly to Karim and defaulted servicing the loan facility with CDH Investment Bank limited.
In 2017, the Attorney General’s office was sued by CDH Investment Bank and the Malawi government was made to pay about K2.3 billion which included the loan Karim obtained from the bank, interest and some collection fees.
“We had sued Karim to pay back the money and the court has awarded us our claim,” said Ministry of Justice spokesperson Pilirani Masanjala.
Judge Anabel Mtalimanja in her judgement dated November 13, 2020 has also slapped Karim to pay legal costs incurred in the case.
Lawyer for Karim, Nuru Alide, said he could not immediately comment.
The judgement comes after Karim was arrested last week Thursday with intent to defraud Ecobank Malawi K850 million by allegedly fraudulently obtaining a loan purportedly guaranteed by Malawi Police Service.
Fiscal Police Department arrested the businessperson in Blantyre on Thursday last week before taking him to Lilongwe alongside an employee of the bank, Victoria Chanza, who was arrested on Friday and was granted police bail in Lilongwe on Saturday.
Karim and Chanza pleaded not guilty to three counts of forgery contrary to Section 358 of the Penal Code, uttering a false document contrary to Section360 of Penal Code and fraud other than false pretences contrary to Section319 (A) of the Penal Code.
The two are accused of presenting a Notice of Assignment of Proceeds purporting to have been signed by Malawi Police director of finance and his deputy, undertaking to directly pay Ecobank K850 million as proceeds of a contract between police and Karim.
Lilongwe principal resident magistrate Viva Nyimba granted bail to Karim and validate the police bail for Chanza.
The court has set December 16, 2020 as the date to commence trial.
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Atibere ndalama ndiwalipirirenso Ngongole ndi Msonkho wathu…The Bushiri story is being Exaggerated just Make People forget such Rot ….It’s as if Bushiri has Looted Our Taxes …Let’s spend such Energy into making Sure that our Looted Taxes are Recovered ….
Amwenye kuba too much. They have messed up our country big time.
It takes two to tango.
This man has really swindled the Malawi govt. He needs to face the music now. And where is the other Karim thief, the one they call Batatawala?
You seem to have worked with them Dude,how come you them by their childhood names?
They are too famous with their thievery so no special skill required to know them
70,000 a pair of socks 100,000 for a belt 😂😂😂
Its about time we put an end this case. Anamasuka kwambili
Amwenye are crooks, period. And they have the audacity to say they are better businessmen than black Malawians! Being a crook is different from being a businessman. This case shouldn’t even be tried in a commercial court. Open a criminal case against him for fraud and lock him up at Maula prison.
Why would anyone want to do business with government, I am told in every transaction there is a cut for the big kahuna,wife,children,bodyguards,ministers,technocrats,clerks,messengers,etc. none of these are amwenyes.
And you think you Malawians are angels. Look at what you guys have achieved since independence 56 years of independence ?not much . Stealing is in your blood . You are in control of this country police , judiciary, ministers MPs city council ngo’s president Vice President. You won’t find any mwenyes in there and yet you keep on blaming mwenyes for everything. You chased them away from rural areas because you guys felt that you can make money there . Look at the rural areas now some of the shops built by mwenyes are derilict. There are some mwenyes… Read more »
Arrest him as well.
Let Indians test jail especially a Malawian jail. You will never want to commit crime again
Not all Asians are Indians.
How can we even deport him when those people assigned to administer the law are tight handed with bribes and we don’t even know how to definitely nato interest over our own interest
Is this Karim guy a Malawian born citizen? If not, revoke his citizenship and send him packing after he serves his times in prison for fraud…A Malawi tisamupuse.
Deport his terrorist ass!
This Karim guy has all the signs of big time crook. The law must squeeze him hard
Squeeze his balls hard. You should be specific about which part of the body they should squeeze on Karim.
Kkkk I think squeezing balls will do
Kkkkkk but yaaa squeezing the bail hard then it will burst and cease to be a bail and set him free. But this Indian guy is too much indeed eiishh
You have a stupid sense of humour