Email a copy of 'Govt to step up crackdown on financial crime as Malawi loses K240bn in illegal foreign exchange externalisation' to a friend
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Email a copy of 'Govt to step up crackdown on financial crime as Malawi loses K240bn in illegal foreign exchange externalisation' to a friend
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Netflix, the world's leading streaming site is on March 1 2019 set to release a movie titled ‘The Boy Who...
You can’t expect a corrupt government to tackle and root out corruption. The only way to fight corruption is to get rid of the corrupt government.
Theworst central bank i have ever seen. youpretend doing something you know for sure you are not. How do you approval foreign payments without original bill of entry?
How can we crack down on illegal externalisation of forex when a whole minister of finance gives false testimony as to why George Chaponda was found with huge amounts of foreign currency? Does this look like a government that is ready to fight the vice. These government agencies know the cause of the problem, but choose to circle around it instead of taking it head on.
And then, in the Nation of today, 13/02/2019, it is reported on page 2, that “the Lilongwe Chief Resident Magistrate’s Court sentenced to 14 months an Indian for being found in possession of $622,820, €15,860, and £2,015 (a total of MWK493,700,000) without supporting documentation.”
14 months, imprisonment, really? This 14 months is not a deterrent to these hard core criminals. Let us be serious, for a change. Malawi, wake up from your slumber.
All these agencies named here are run by croocks. Mimba zili tolo tolo. I think time to give MCP A CHANCE
Akuti bokosi la maliro likatuluka nyumba silibwerera! MCP inatuluka kale-kale. Zoti ingabwerere mboma zinaiwalika.
Shameful to hear such words like ‘government stepping up cracking down of……’ Money laundering and illegal externalization of foreign currency is a serious kind of organized crime the government should be aware of. It only takes patriotic leaders who have a will to develop their country to formulate and enact sound and strong laws to restrict this kind of nuisance. The problem is that those that we elect to represent us in the government are self centered, opportunistic and mindless individuals who only think about enriching themselves at the expense of the poor majority of the country. Why do we… Read more »
flawed logic!
MALAWI GOVERNMENT know the culprits of this crime. They must not just pretend.
Who is the Malawi Government?
Don’t hoodwink us Reserve Bank! Most of the billions that are externalised “inappropriately ” are done so with the blessing of the RBM. You approve these criminal externalisation of funds.
Some well-known DPP top brass have got millions of ill-gotten dollars tucked away in South Africa, Dubai etc and those funds were externalised legitimately. Who gave the approvals if not the central bank?
Osamatinamizapo apa.
First of all flush out the Rwandese( who we call ma Burundi) masquerading as refugees. These people have been left to run big businesses in Malawi because most of them bribe law enforcers and are connected to corrupt politicians. These Rwandese are externising billions in forex to their countries and overseas. There involved in doing businesses all over the country and send money and invest back in Rwanda, Tanzania and Burundi . Do you think they send Malawi Kwacha to these countries? Off course not, they buy forex dubiously from corrupt commercial and reserve bank officials. There is now peace… Read more »