Indian businessman arrested at Malawi airport for attempting to externalise K504 mil

A 38 year-old  Malawian businessman of Indian Origin has been arrested for attempting to externalize foreign currency amounting to about K504 million.

Indian Businessman Iqbal Mohmad

The money which he wanted to externalise

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.

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AM Snakie
Guest

Lock him up there are two cases here but the media is just mentioning one what of the gold did he pay loyalty @ Mines Dept? If not then he has the case here according to my investigation he didnt pay loyalty

Umphawi
Guest

Idi Amin chased Indians from Ugandan because of this stupid malpractices.Indians and Chinese think Malawians
we are sleepy.Uganda and Kenya are good at dealing with these people.Ulemo too
much ife a Malawi.

B
Guest

All Indians are not the same

Zoona
Guest

Malawi nde akuyipezerera bwanji .. ?

Zaya ku Nkhongo
Guest
Government should send the message of non-tolerance to forex smugglers through this plunderer. Anthu achonchi they don’t deserve any bail. The courts should send give a sterner sentence to this guy to deter others from this uncouth behavior. We have said it many a times kuti government treats these |ndians with kids gloves. Government tenders mukuwapasa amwenye; all buildings in cities our 100% occupancy ndi amwenye government cannot even demand a quota of black businesses in these buildingsi; MRA suzapeza mwenye atamangidwa koma ife anthu akuda amangotipezelela basi; Malawi is not poor if one individual can horde over half a… Read more »
Latfi mahmood
Guest

If govtment uses non corrupt intelligence to investigate then I assume there is a lot going out undeclared from smaller amounts like k20mil to k1bn , he isn’t the smallest amount or highest to exit and he isn’t the only one. The whole black market thing must be cracked, the guys laundering forex in cities work for businesses, sweep each one of them then let them reveal who the businesses or beaureas are then another k1bn with be confisticated and all the confisticated money should be reinvested in equip,manpower, training, transparency of the enforcement of fiscal security system.

Murefi
Guest
He is lucky to have been caught in Malawi and Malawi can atleast recover the money, in he could have had to be searched in again at Addis Ababa and in India and some corrupt police could either snatch his bag or kidnap him after seeing the money on the xray, just how did he think he could beat two airports, dealer usually arrange for connections n in both airport I.e airlines staff could walk with the bag into the plane at lilongwe then also walk with it into the plane when connecting in Ethiopian or Dubai, malamulo amugheto, use… Read more »
Zander mutiuze
Guest
Just imagine this is small compared to what government officials take out every month to foreign banks. Malawians u Wonder why Malawi is poor. This is just small. Indian and Chines take money out. They dont bank in Malawian banks. How do we expect a country to develope? Every penny goes out. Leaders and gurus have so much money in foreign banks while our banks have nothing. Instead we are charged 3 Times for mortgages and saving. They must be a proper Law in Malawi. Of-Course a person can take money out but how much? Even in Europe there is… Read more »
Murefi
Guest

Malawi could have lost a potential in the economy, this money and gold could have created and investment with would energise the lwantedlocal eonomy and generate about k50mil of tax yearly and jobs for 50 people or an investment of k500mil could reduce some problem in the sectors that are indeaquate whilst he is making profit as well as solving a national problem. He can build 2500 houses at k20 each equivalent to five all townships and the gold could lease the land and the a part of rental income could pay the owner of the land I.e govt

Munthali
Guest
That’s simply how Malawi is poor, Treat the gold and money as proceeds of crime, hope the court find it that that, any monies or precious minerals, or simply anything of that financial value including cash itself needs to have a legitimate official source and an audit trail. Then he should prove that he paid tax as well, else he must loose the cash then investigate him house and others involved. All poor country are poor because of corruption, lack of functional efficient institutions, the culture or religion of putting the effort to improve life on earth, externalisation of money.… Read more »
Zander mutiuze
Guest

This is the reason why Kamuzu Banda chased these Asians. U called him bad nog u can see.

Maliseni
Guest

BRAVO INCORRUPTIBLE POLICE OFFICER WHO WAS MANNING THE GATE, IG PROMOTE HIM. MALAWI IS VERY RICH BUT LACK SUCH CALIBER OF OFFICERS. WITH ALL THIS MONEY EVEN A U$D 1,000.00 WAS ENOUCH TO BRIBE HIM, BUT HE WAS PATROTIC.

Joe chibeeya
Guest

Let me concur with the asking if at all our prisons have ever hosted clients of Asian origin. Is it that all those suspects who appear before courts (Asians) win their cases or our country does not have prisons good enough for them?

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