FDH Bank trashes K800mil in Chaponda account rumour

FDH Bank has described as blatantly untrue rumours that fired Minister of Agriculture George Chaponda, currently embroiled in a maize procurement scam, had over K800 million as current balance in his account.

FDH bank

Social media was abuzz on Wednesday that Chaponda had over MWK 598 000 000.00 in his account with First Merchant Bank and MWK 873 453 972.13 in his FDH bank.

The rumours came barely hours after a raid by the Anti-Corruption Bureau (ACB) and Police found over $58 000 cash stashed in suitcases at Chaponda’s residence.

Through its official Facebook page, FDH Bank Malawi, the bank said that the rumours were unfounded.

“FDH Bank has noticed that there are some rumour circulating that the former Mr. Minister of Agriculture Dr George Chaponda has money at FDH Bank to the tune of MWK800 million,” the bank posted.

According to the bank, “these rumours are not and unfounded. As a result, we ask all well-meaning individuals to ignore these rumours because they contain no truth.”

The post added: “FDB Bank as a credible financial institution will abide to the confidentiality relationship that exists between the bank and its customers.”

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