Police arrest Zameer Karim over bank fraud charges

Malawi Police in Lilongwe arrested business tycoon Zameer Karim over K850 million bank fraud charges in connection with the police food rations scandal and has spent four nights in custody since last Thursday before being granted court bail on Monday.

Zameer granted bail

Karim of Pioneer Investments was  granted bail after state prosecutors charged him with intent to defraud Eco Bank of K850 million.

He along side Victoria Chanza, an employee of the bank pleaded not guilty to three counts of fraud, forgery and altering a false document when they appeared before principal resident magistrate Viva Nyimba.

The case relates to police food ration deal of 2015 whereby Karim was offered a contract to supply food ration to Malawi Police Service(MPS)

In the latest case, Karim is accused of presenting a Notice of Assignment of Proceeds to the bank purporting to have been signed by MPS director of finance and his deputy.

Chanza was granted police bail on Saturday following her arrest on Friday .

Today, the court ordered the suspects to pay bail bond of K500,000 cash, one surety at K1 million non cash, surrender travel documents and to be appearing at Chichiri police in Blantyre every fortnight.

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angozo
angozo
5 months ago

zovuta a mia tikukuonani

Benjones87
Benjones87
5 months ago

The Mia are being mentioned now and again. There is no smoke without fire

Truth
Truth
5 months ago

We need justice on the truck driver altaf of intermal shot,the driver died

Bumbaclot
Bumbaclot
5 months ago
Reply to  Truth

He has close to a thousand trucks . Which driver & when?

Zaona izizi
Zaona izizi
5 months ago

Altafu anapa truck driver wakeh zinata bwanji mumumangehni,ma garimoto aku
Endanayo zosaripira ma duty ziri mu zina za ma mp fufuzani

Abc
Abc
5 months ago

How was the oil and protein sold to capital oil refinery industry we need clarification,how did he transfer the properties to altaf intermal a s investments (abida you are renting his house no favors) every day altaf and sidik have dinner together there is somthing cooking

Bumbaclot
Bumbaclot
5 months ago
Reply to  Abc

Jealousy baas. Nothing else. What’s cooking is your jealous pricking balls. Be careful it’s roasting 🤣

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