A 38 year-old Malawian businessman of Indian Origin has been arrested for attempting to externalize foreign currency amounting to about K504 million.
Police officers at Kamuzu International Airport (KIA ) arrested Iqbar Sodagar Moinuddian Mohmad after being found in possession of US$622,820, 2,015 British Pounds and 15,860 Euros.
Sergeant Suplain Chitonde disclosed that Mohmad was arrested at the departures Lounge before boarding an Aircraft to Dubai through Ethiopian Airways.
“He had refused his bag to go through the X-ray machine or to be physically searched by the Police Officers manning the checkpoint,” said Chitonde.
“As a result,the Police Officers on duty became suspicious and conducted a thorough search whereby the said forex was found packed in his bag.”
The 15 bricks of Gold weighing 14 Kilograms which were concealed in the bag was found wrapped in specially designed materials in order to beat the normal X-ray machine system.
Currently, the suspect is in Police custody at KIA and has admitted to have accumulated the forex from black market,without supporting documents.
In relation to the 15 breaks of Gold, he claims to have bought it from an undisclosed Nigerian within Lilongwe.
Mohmad is expected to appear before court soon to answer three counts of illegal possession of foreign currency , attempting to externalise forex and money laundering.
Mohmad was born in 1979 at a place called Maharashtra in Mumbai,India. He holds an Indian Passport number Z3216835 but has stayed in Lilongwe Area 2, for nearly 20 years.