NBS Bank Financial Controller arrested over money laundering, theft by servant offences
The Fiscal Police in Blantyre have arrested NBS Bank’s Financial Controller, identified as Matthias Sulumba, for money laundering and theft by servant charges.
Sulumbu, who hails from Magulugulu village in Karonga district and stationed at the bank’s head office at Ginnery Corner in the commercial city, was arrested on Tuesday.
He spent a night in the cooler at Blantyre Police Station, according to Isaac Norman, one of the senior officers at the Fiscal Police.
Sulumbu is suspected to have stolen K55 million from the FDH Bank where he was working before he joined NBS bank.
In an interview monitored on public broadcaster, MBC, Norman said it is unfortunate that money laundering and related cases are being perpetrated by educated people.
He said Sulumbu will face charges bordering on money laundering, theft by servant and fraudulently false accounting.
“He has just been arrested and we hope within the 48 hours as prescribed by the laws of Malawi he will appear before the court.
“Cases of fraud are increasing in Malawi and unfortunately the ones perpetrating fraud are people who have gone to school and it is really affecting the economy of Malawi.
“For example, Sulumbu is a qualified accountant and he was taking money from the FDH Bank’ corporation account transfering it to his personal saving account. It’s really worrisome situation because as stewards he was supposed to take good care of the money of the bank,” asserted Norman.
K55 million kulowela nayo kundende. Azanu osaphunzira akumaba ma billions, K2.4 billion.
Most banks officials in Malawi steal customers money. Mandiasporas money disappear in Malawi banks. NBSBank is known for that. But eventuellt Startand bank. Its educated people Who are thieves. Question who are going to build the nation when thieves are educated people? Bank officials transfer money from accounts of Malawians living abroad to their accounts when they see the account is not touched for sometime and know that the owner is staying abroad. This has discouraged diasporas to send money to their Malawi banks accounts and to open forex account which could have been good for the nation and banks.… Read more »
Eish! A young and handsome guy. Life style ikumatipweteketsa. Vuto ndi loti mumacompany umu amakupatsa chi VX choyendela koma salary K3 million kwacha pa mwezi. Komano ufuna ufanane ndi munthu wa K10 million pa mwezi we business. People believe Financial Controllers are rich. No ways. They are the poorest!
Ndiye akakhala ophunzira amadya certificate? Kuwalirana too much pa Nyasalande. Ndiye wathera pamenepa munthu. Sadzakwatanso ku Chez Ntemba
Bonifacio Chiziwa was doing the same at Ecobank Crossroads.
Atumbuka mwano bwanji,2019 mupeze president wanu musatikwane.
Hahahaha Malawi @53,magulu a Henry Bakuwa CEO at BWB.anthu ophunzira,onamizila kupemphela koma akuba kwambiri.Shame!!!!
In an interview monitored on public broadcaster, MBC, Norman said it is unfortunate that money laundering and related cases are being perpetrated by educated people.
HOW CAN AN UNEDUCATED PERSON LAUNDER MONEY?