Mulli loses $4m in property damage

Mulli Brothers Limited (MBL) Holdings lost about US$4.2 million following the looting of violent protestors in the July 20 nationwide demonstrations, Nyasa Times understands.

Demonstrators in Lilongwe among other things broke into shops owned by People’s Trading Centre (PTC), Chipiku Stores outlets, Kulima Gold Ltd including shops owned by Chinese nationals and offices of Chombe Tea owned by MBL Holdings and torched two buses of his National Bus Company.

Mulli Brothers vandalised property

Mulli’s Sunrise Pharmaceuticals was also torched by the mob. The Pharmaceutical is said to have lost medicines and hospital equipment which in total cost about $3 million.

“In the round Mulli Brothers Limited has lost about $4.2 million,” said a source in the company.

Chairman of MBL Holding, businessman Leston Mulli could not speak to Nyasa Times but a reporter from Blantyre Newspapers Limited who had interviewed him, told this online publication that he had confirmed he lost about $4million.

The reporter quoted Mulli saying he is “wishing well those who looted and torched” his business empire “because they did not know what they were doing.”

He further quoted him saying “God gave me whatever I have and it is the same God who will give me back what I have lost.”

Formerly Mulli Brothers Group, the MBL Holdings is partly owned by Mulli Trust. The businessman is strategising to move his company’s headquarters to either Dubai or Brussels with an objective of making MBL Holdings vibrant and highly productive.

President Bingu wa Mutharika, meanwhile, urged all those who lost property during the demonstrations to seek legal redress.

“I would like to ask those affected to file their cases with the judiciary. It will be citizens against citizens. I will be eager to see the justice of the judiciary in those cases,” he said.

Police on Saturday said calm had returned to the usually peaceful southern African country where more than 275 people were arrested.

Businesses, shops and banks had reopened, they said.—Nyasa Times.

Follow and Subscribe Nyasa TV :

Please share this Article if you like Email This Post Email This Post

More From the World

More From Nyasatimes