Former Central Bank Governor and DPP presidential hopeful Dalitso Kabambe arrested

Police in Lilongwe have netted Former Governor of the Reserve Bank of Malawi (RBM) Dr. Dalitso Kabambe and DPP’s leadership contender, who was on the run in connection with K4.3 billion he authorised to be transferred to an FDH Bank account.

Police national spokesperson James Kadadzera has confirmed the cops have arrested the former governor and is being held at Lingadzi Police sub-station in Area 18, Lilongwe.

Dr Dalitso Kabambe held at Area 18 police station

Said Kadadzera: “It is true we are holding in our custody at Lingadzi police station a former governor of the Reserve Bank of Malawi in connection with some matters that we are investigating.”

Other former senior RBM officials were arrested yesterday and are still in police custody.

It is reportedly in hiding following revelations that he authorised the transfer of K4.3 billion to FDH Bank account number 1024883104001 the night before the Malawi Electoral Commission (MEC) announced results of the court-sanctioned Fresh Presidential Election.

The FDH bank account is held in the name of Chief Elections Officer, which corporate governance experts and commentators faulted.

Police have arrested former Deputy Governor Henry Mathanga, who is currently involved in a legal challenge for constructive dismissal.

Arrested as well are retired Director Rodrick Wiyo of Financial Markets and a Senior Dealer/Manager Leah Donga who is also named in the forensic audit of the bank as having a hand in the abuse of Covid-19 funds.

Kabambe, a Democratic Progressive Party (DPP) presidential hopeful is said to have given an excuse to for not reporting to the National Police Headquarters in Lilongwe today.

Previously MEC defended its position when this obscure account existence was revealed saying: “The nation should be informed that this amount was duly authorized by the Accountant General.

“These amounts were meant to facilitate payment of printing of ballot papers and other bills for electoral activities, and allowances for security officers, polling staff and other service providers during the polling exercise.”

Nyasa Times understands that more arrests are underway at the Treasury, Malawi Electoral Commission and DPP officials.

Former Minister of Finance Dr Goodall Gondwe is said to be on the list of those to be picked in the next 48 hours.

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Wamasokosi
Wamasokosi
5 months ago

Hmmmm… Read the Audit Report first and come back to give your partisan or cadet comments. Anzanu amadya kasanu…. dziko lomweli. It’s all in the report.

Chipasupasu
5 months ago

Thieves must face the music. The government should also look at the present thieves who have been stealing from parastatals in the name of training. The boards of MACRA and NRA. Do these people need training? Was training a justifiable way of stealing?

Chosadziwa
5 months ago

This is very good to burry the rubble, these DPP gurus destroyed our country by giving each other huge sums of salaries whilst our teachers and medical personnel were being given peanuts. Munya simunati muzingoti pa ground sipali bwino chifukwa munaba kwambiri.

cairo
cairo
5 months ago

You can now see clearly what this MCP lead government is all about, as one commentator said, witch-hunting! Its clueless and dont even know which direction they are going. They will pay heavily if they don’t know. I wish if they cold realise that time for you comes and goes too.

Mapopa
Mapopa
5 months ago

These arrests will take us no where as a Nation. Please work on stabilising the economy which you have messed up.

ada
ada
5 months ago

Liquidate the 4.3 billion then mlandu palibe.

phiri
5 months ago

bola ngati muli ndi umboni otherwise tax payers money will be wasted again shame

John Kachapira
John Kachapira
5 months ago

Ya ya ya. Crying cadets. Akulilira wallet yawo. Forensic audit mwayiwerenga? What is so special about Dalitso? It is as simple as explaining his side kuti sindinalakwe basi. I do not want to judge but this guy should be presumed innocent until he is proven guilty. “The only presidential hopeful” my foot!! Simukumudziwa. He has ambitions way beyond the position of the president. That is Dalitso for you.

nafundo zalo
nafundo zalo
5 months ago

TILL PROVEN INNOCENT

Boy
Boy
5 months ago

I wish you well DK n soon you will be out n that is the end of the matter

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