Karim cashes contested K145m, transfers funds after court order

August 28, 2018 Wanga Gwede- Nyasa Times 21 Comments

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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21 replies on “Karim cashes contested K145m, transfers funds after court order”

  1. 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.

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 He has withdrawn the money and given cash to DPP.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

  4. 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.

  5. 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 in the test 3) is there another reasonable and effective way to bring the issue before the court. The AG office’s improper involvement in the matter stops the AG’s office, the only office mandated to bring the issue to court, from doing so and effectively leaving no other reasonable and effective way to bring the issue to the Court (element #3 of the test). It is clear the ‘learned’ judge paid little or no attention to this most onerous factor for testing a party’s standing. The ‘learned’ judge’s shallow interpretation of locus standi will prevent any ‘pressure group’ or even a ‘single spirited public taxpayer’ from bringing unlawful conduct to the attention of the Court to vindicate the rule of law and get the unlawful conduct stopped and therefore this interpretation is likely to pose a grave danger in our system of public law.

  6. 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!!

  8. 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 it. Karim should be charged with sabotage full stop!. In fact the head of state should have been in forefront in taking the case up with ACB and ensure that the perpetrator is locked up for bringing a ruling party (and himself) into disrepute. If the head of state is behaving with such impunity when elections are around the corner, I shudder to think what he will do once he wins the presidential elections. we should then tighten our bels for a rough ride. I am sure Karim and PI will be at one of the the state houses running the country….thats not far fetched. The country seems to have been handed over to the highest bidder. Ndalama zoona ndi satana.

  9. 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

    1. 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.

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

  15. He is connected and he has nothing to fear possibly he was advised by top level masters to do so. Whats the essence of returning the money to him if at all it was government money? DPP has received the money again in form cash thats why they rushed to return. The money was supposed to be returned to FIU pending judicial review on the money. Malawians being fooled by their own leaders!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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