K20bn bank-gate court plea set for April 26, trial in May
Two businessmen are set to appear before the High Court in Blantyre to take plea in the infamous bank-gate, allegations that they swindled commercial banks of a whopping K20 billion through dubious bank loans.
Pilirani Masanjala, spokesperson for the Ministry of Justice said the chairman of Cotton Ginnery Mohammed Ibrahim and his co-accused Abdul Yasmin Reiman will appear in court on April 26 for plea and the court to give directions on how the case should be conducted.
“The prosecution and the defense counsel agreed on some procedures, some counts and charges have been combined,” said Masanjala.
He said the full trial starts in May.
The two suspects are answering charges of theft, money laundering and fraud.
Some banks, including Standard Bank took Ibrahim and Yassin to court after noting that they took some loans from different banks dubiously and had problems in the repayment.
Follow and Subscribe Nyasa TV :
Well come back Winston Msowoya,we have been missing you the patriotic son of Malawi and Africa.People enjoy reading your comments.May God Bless you.
EVERYWHERE THIEVING. International thieves, local thieves, youthful thieves, senior elderly thieves, thieves in rags,thieves in Pierre Cardin suits. Thieving in villages, thieving in mega cities. Thieving in village banks, thieving in corporate banks, EVERYWHERE THIEVING. Thieving in Parliament, thieving at State Houses. PURGE OUT THE THIEVING MENTALITY, THE THIEVING DEMONS EVERYWHERE. MAKE MALAWI CLEANER…
Zakhala bwino. Ife sikukaniza Kwake. 20 billion for 2 people. How many Malawians would have benefitted from that.
Very true. For you to be considered for a credit facility it is very difficult even if you have collateral security it takes a very longtime to be approved
Malawians,how would you capitulate to Indians and Arab Muslims who are bent to destroy our already crippling national economy? Malawi to part from K20 billion,is a great lose to the poor tax-payers whose hospitals are empty of drugs and other medicines.Remember my words, a good Indian is that who is 5ft deep!!!! However,it is melancholy our leaders are virtually tamed by Indians and Arabs for they are stealing billions of taxpayers money at will.In South Africa today,Jacob Zuma the former wanton corrupt President is in hot water,he might endup in prison for stealing US$20 million which he used for building… Read more »
Zilibwino.
Malawi banks must learn a lesson of favouring foreigners and refuse land owners .from getting loans from their banks.
Mpaka k20bn? Anakudyesani lubani?
Ineyo loan yanga ya K120000 simwano wake a bank