Former RBM Governor Dr Dalitso Kabambe on the run as police arrest ex-Bank Directors

Former Governor of the Reserve Bank of Malawi (RBM) Dr. Dalitso Kabambe 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.

Kabambe said to be in hiding

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

Arrested as well are retired Director Rodrick Wiyo and a serving manager, Leya Ndonga 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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Noxy
10 months ago

Pure political witch hunt!

Mzozodo
Mzozodo
10 months ago
Reply to  Noxy

Kkkkkk

gogo petulo
10 months ago

Clearing the rabble

cairo
cairo
10 months ago


What u can hear here is pure witch-hunting and Chakwera govt is very shortsighted, all what they are doing will haunt them one day, worse still, the next govt will ensure that they go thru the same process. Ask Zuma how he ousted Mbeki, its exactly how he was ousted too and and I c the same thing happening to Chakwera. What matters is how he went into office, the same process will oust him out.

Last edited 10 months ago by cairo
nafundo zalo
nafundo zalo
10 months ago

ayengeni .
timadabwatu kuti Gudo gondwe ali patipo. psa koka.
cinamlondola.
master minder finance minisyer big time gudo

Galu 1
Galu 1
10 months ago

Every single transaction and withdrawal from that account should be audited. The CEO of FDH bank was an accomplice too please take him to the nearest prison. It’s very nice to see Malawian owned business such as FDH. However, it clearly been revealed that this bank was used as a tool to siphon tax payers money for a greedy few individuals to build fancy hotels at the lake, purchase luxury vehicles and even fund their way back into the presidential office to loot more money. Please this is daylight robbery, corruption of the highest order! Arrest these Mafia men that… Read more »

Political commentator
10 months ago

Night before Kuulutsa ma results? And MEC defends it saying the funds were meant for printing ballot papers among other activities? Ma ballot papers anaprinter pangongole?

Kampwalaa!!
Kampwalaa!!
10 months ago

Mufuna a Goodall amalizike ndi BP? I feel sorry for him, if truly involved, he is advanced age wise!

sikelo
sikelo
10 months ago
Reply to  Kampwalaa!!

KKKKKK! KOMA!

Piper
Piper
10 months ago

The rubble is real !! One obstacle at a time…

Zoona zenizeni
Zoona zenizeni
11 months ago

Just like covid arrest this is just another stupid arrest which will not go anywhere

Mbuje
Mbuje
11 months ago

Kkk. They are failing to control the economy and now they are arresting stars who managed to hold the economy so well. Shame on those liars. Bunch of losers. Mulira simunati. You can control judges, journalists and crush the opposition but you cant handle the economy. Dunderheads.

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