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.
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.