FDH moves in to calm anxious clients over Mpinganjira arrest in bribery saga
FDH Financial Holdings Limited officials have moved in to calm anxious clients and the financial market over the arrest of its group chief executive officer Thomson Mpinganjira in the alleged judge bribery attempt in the presidential election nullification petition case.
Mpinganjira, who is also board chairperson of Electricity Supply Corporation of Malawi (Escom), was arrested on Wednesday on allegations that he attempted to bribe Constitutional Court judges over the election case.
In a statement, FDH chairman Noel Mkulichi says FDH subsidiaries namely FDH Bank, FDH Money Bureau and First Discount House are not affected by the arrest of Mpinganjira.
“…we would like to assure all stakeholders that the institution operates in a highly regulated environment and remains well capitalised,” says Mkulichi.
He says the business operations of the subsidiaries are fully functional.
Mpinganjira was arrested on Wednesday and released controversially at midnight.
The High Court is reviewing circumstances leading to the release of the business mogul.
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Malawians just BOYCOTT FDH it’s simple! FDH is the DPP tool put inplace to process stolen tax money into politicians pockets. Open your eyes
MMalawi wokonda dziko lake akuyenera kutseka account yake ku FDH. Anthuwa akutiwonongera dziko. Mbava…
This man called Thom Mpinganira is extremely corrupt!!!!
FDH u are corrupt u will suffer,if another party win the elections,MSB u didn’t buy,but ? Goes to u and Mr Peter
jealous…
Its the same jealousy of Malawians that killed Press Corporation Limited just because it was linked to Kamuzu and MCP. The consequences are so many including our men and women losing their jobs and becoming jobless, Amwenyes infiltrating Malawi with their cheap businesses and then repatriating our monies to their respective countries. If you say you don’t want to associate yourself with FDH and its subsidiaries just because its connected to Mpinganjira then just know that you are killing jobs for several fellow Malawians and mind you, the banks you now want to support are foreign banks, they send all… Read more »
Lost ndiwe wabodza. Is NBM ndiyakunja
Ine ka fixed kanga kapanga mature,pano ndikuthanangila komko ,kukatseka account ,ma guys tisapuse bank iyiyi ikupita kokutha
Ine iam closing my investment account with fdh,thyre all crooks channelling money ya gvt through their bank into their pockets.lets campaign to have evry Malawian close their accounts.Mpinganjira has raped the whole Malawi and takes us for granted.azipanga bizines wt gvt yakeyo
Mulibe ndalama inu. zanu zasowako zingati ku FDH?
Jealous a Malawi.
SURE ITHADI, WHY DOING CORRUPTION
FDH IKUTHA AND JUST WAIT AND SEE
Iyayiii iwe Nkulichi. Ndikubwera kudzatsekabe ma account anga. Simunalape. You are now bribing magistrates.
I will now be banking with a truly Malawian bank called national bank of malawi
Let’s just imagine that the FDH Bank was a publicly-listed company on the Stock Exchange in a western country; the value of its shares would have tumbled big time overnight irrespective of the fact that an incorporated company is a separate legal entity from the proprietor of the company itself, and cannot, therefore, be deemed to be complicit in the private shady shenanigans of its majority shareholder. The shares would have fallen drastically because depositors would have queued to withdraw their money. Economics 101 – Introduction to Banking: Banks survive on trust. No matter how profitable a bank is, if… Read more »
And one of the suspects in the Isabel dos Santos embezzlement case Mr Nuno Ribeiro da Cuhna, was found dead at his home in Portugal……..and the story continues…..
FDH is operating in a very corrupt culture. Malawi as country is poor and corrupt. Which sector of our economy is corruption free? None!