Karim cashes contested K145m, transfers funds after court order

High Court last week put aside a freeze order, granting businessman Zameer Karim of Pioneer Investment Limited, the Malawi Police  food rations supplier who deposited K145 million into a governing Democratic Progressive Party (DPP) account whose sole signatory is President Peter Mutharika, to access his bank accounts who cashed the money held at First Merchant Bank (FMB).

Karim of Pioneer Investment cashed the contested K145 million and transferred the funds

Judge Ken Manda of Lilongwe High Court granted the order on August 23 2018 after Karim’s lawyer Frank Mbeta  had applied for relief  pending a judicial reveiew.

The state anti-money laundering and suspicious financial transactions watchdog, FIA spokesperson Masauko Ebere has been served with the court order belatedly on Monday August 27 after the businessman had already cashed K145 million which was  a pay back by DPP.

Ebere said the Financial Intelligence Authority  are in the process of “setting aside the order and also analysing the trail of the funds.”

Mzuzu-based Youth and Society (YAS) took the matter to court for freeze of  Standard Bank plc and National Bank of Malawi (NBM) plc accounts for the DPP and Pioneer Investment Limited.

The case follows a leaked Anti Corruption Bureau investigative report, which claimed that Pioneer overcharged the police by K466 million on the basis of 20 percent exchange rate losses that were neither incurred nor provided for in the contract.

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Popapo
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Popapo

Malawians and Civil Society instead of voicing out that Pioneer Investment should never do business with Government any more because it is corrupt, we concetrated wanting the President to resign. The question is should this company and any associated companies do business with government. Let us stand up and make sure these people are out of business with tax payers money. Wishing the President to resign postpone to May 2019.

Kanyimbi
Guest
Kanyimbi

One day an Idi Amin of Malawi shall rise & sort this out.

Agenda Setting Theory
Guest
Agenda Setting Theory

He has withdrawn the money and given cash to DPP. Zogwilizana, kubweza kuja chinaliche chipha maso.

Change
Guest
Change

What Karim is trying to tell us is that he is untouchable. He can do as he pleases. There are a lot more Asians who think all Malawians are fools. One day you will wish you had not come here. A lot of Malawians are fed up with these Asians who think they are some gods in our own country. The politicians who give you the courage to do as you please, will hang one day. Remember this message.

Chatsalira
Guest
Chatsalira

Its a matter of time.
Ukatamba tamba kumayang’ana ku nyaja kungakuchele

mchisala
Guest
mchisala

I fault our interpreters of our public laws for their apparent superficial understanding and shallow interpretation of the relevant laws. There are generally three elements to the test for locus standi (standing) as to whether a party has a special interest in the subject matter of an action: 1) is there a serious issue raised in the action 2) is the applicant the person who is aggrieved–a person whose interests are adversely affected or specially affected in comparison to the public at large or has special closeness to the subject matter in the test–by the decision or conduct complained of… Read more »

Central
Guest
Central

Koma anthu ena ndi okula mitima heavyyyyyyyyyyyyyyyyyyyyy!!! My fellow Malawians the best means of addressing this before the May 2019 elections should start on Sept 7!!

BigMan
Guest
BigMan

Perhaps we are a failed state. And the judiciary is a joke.

#DzukaniAmalawi
Guest
#DzukaniAmalawi

If anyone thought that Karim was going to be convicted for corruption then you are not paying attention. DPP is a party that never cared for its people and it is not going to start now. We have a whole president who is willing to refund the K145m because it was proceeds of crime and yet the perpetrator (Karim) gets away with it. We have a head of state who makes a proclamation that he’s dealing with corruption ruthlessly and on the other hand defends his runners. If we had doubt that Malawi is a Criminal State then this is… Read more »

Mas ter
Guest
Mas ter

There is no evidence relating to the isue even traditional court cannot find a case
It is no difference from a case where MCP was sued on house at Chichri construsted by ADMARC and donated it to a party.
You weigh donation from Individual and Organization to a party

Namalomba Fredrick
Guest
Namalomba Fredrick

Mbuli iwe you are telling us to be comparing zinthu zamuchipani chimodzi ndi lero mu zipani zambiri (democracy), that’s why Malawi sadzatukuka ndi kuganiza kwa mbuli ngati iwe.

#DzukaniAmalawi
Guest
#DzukaniAmalawi

Then why did Mutharika give back the money to PI if it the deposit wasn’t from proceeds of crime.

Chimango
Guest
Chimango

Wanthu awa mba fwiti. They will get back this money in cash

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