K1bn ‘cashgate’ at Illovo Malawi: Nyamilandu, Mtokale implicated

There has been a massive K 1 billion fraud detected at Malawi’s sugar giant Illovo Sugar (Malawi) Limited with its assistant general manager (Marketing) Walter Nyamilandu Manda and national sales manager Peter Mtokale implicated.

Nyamilandu: Implicated

Nyamilandu: Implicated

Nyasa Times understands that the two officers were called for an internal hearing last week and have been suspended from work until the company makes a final decision within 10 days of the hearing.

Insiders said the two were allegedly involved in smuggling thousands of sugar and sold it in the Democratic republic of Congo and South Africa among other countries.

“This has been happening for sometime that is why Mr Nyamilandu was removed as National Sales Manager a few years ago and given a lesser post of Corporate Affairs Manager. It looks like when the new guy who replaced him came, he fell into the same trap and they were doing this together,” said a source privy to the investigation.

Nyasa Times sources also revealed that Nyamilandu is being investigated for allegedly forcing an employee in the account department, Muti Teniyala to write a cash sale worth R125 million.

“She told the hearing that at first she refused to write the cash sale because there was no proper documentation but she was threatened by Mr Nyamilandu and that is when she wrote the cash sale,” said the source.

He said the two were also being investigated on another scandal involving K5 billion stolen at Carlsberg Malawi through raw material like sugar.

Carlsberg has since fired its Chief Financial Officer Geobra Kamanga as a result of the scandal.

“Trucks of sugar meant for Carlsberg were missing between Chikwawa and Blantyre and some were being found in Ndirande at Paseli where they did not order sugar, it is a complex deal but am sure management will come to the bottom of it,” said our source.

Nyamilandu is also the incumbent president of Football Association of Malawi (FAM) and is seeking a fourth term during the elections next will in Mangochi.

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ninja
Guest

no ıts not nyamılandu here only….malawı ndı dzıko la anthu okuba okha okha …we are all thıeves here may be cause of poverty…tıyenı tızaba bası so to survıve malawı ıs poor country and poverty on ıts on ıs a crıme

ben phiri
Guest

that is why Nyamilandu is clitching to Fam kuti azingobabe

Ameneyo
Guest

Blatter, Platini, Hayatou have one thing in common. kikikikikikiki

pwex
Guest

mbabva

STIGMA
Guest

This sugar does not go to DRC and SOUTH AFRICA.He has local friends who are given TO sell within Malawi but loaded from factory as EXPORT.VAT LOST.MRA check these dealers let not look at their fellow business persons as unknowledgable

bless
Guest

Let them,still all wat its available but they need to know that someone is watching them in the other way.you making someone clever when you steeling like that ur bulding better malawi when our time come

AKIJA
Guest

shaaaaaa you see ,this guy ndi khuluku

No Laughing Matter
Guest

You see guys that look like are rich in Malawi are actually thieves.This is stealing at a massive scale. We need to do something about thieving in the private and public sector. Our country keeps stagnating because of this. Who steals that kind of money and gets away with it? Only in malawi

peeping lizard
Guest

NYAMILANDU MBALE WANGA NYAMUKA UZIPITA KWANTHU KUCHIKWAWA .WABA WAKWANA KWASALA ANTHU AKUPHA.

GRM
Guest

The story is clear
Mr Nyamilandu Manda has been suspended from wok pending investigation. Now why other people on this forum are busy acting as Walter’s public relations officers i do not know

wpDiscuz

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