Reserve Bank manager Mchakulu, enterprenuer Lucy Sukali arrested over K354m fraud
Malawi Police have arrested Reserve Bank of Malawi (RBM) manager (fiscal operations) Charles Mchakulu, two other central bank’s employees as well as enterprenuer Lucy Rachel Sukali trading as Ideal Stationery in connection with K354 million feared stolen at RBM.
National Police spokesperson James Kadadzera confirmed the arrests and identified the other cebtral bank’s employees as Olivia Phiri and Rabecca Chisenga.
He said the four have been slapped with charges if consipirancy, theft and money laundering.
“Investigations are in progress,” he said .
According to police, the figure involved has been revised from K340 million to K354 million as investigations continue.
RBM spokesperson Mbane Ngwira confirmed about the missing of the millions, saying the fraud was discovered through a system of surveillance of transactions in the banking system.
He said the suspected employees “ had been making unsupported transfers from a government ORT [other recurrent transactions] account to a stationery supplier, Ideal Stationery.”
On June 12 2019, Financial Intelligence Authority [FIA] obtained a freeze order with Mchakulu and Sukali, whose account was used as a conduit to siphon money from the bank, as respondents.
Through the court order, the FIA wants to freeze a bank account at National Bank of Malawi Victoria Avenue Service Centre in Blantyre which at the time the order was issued had a balance of K120 917 295.60.
The order in civil case number 432 of 2019 further restrains residential property at plot number Area 6/137 and residential property number Area12/460.
577billion cash still in my mind. Kuli zii ngati Atupele beyond tippex madando elections
Well, RBM had launched a program to seal corruption loopholes in 2017. It was supposed to prevent cashgates. Is it not working Governor? Read Tinenenji Chalanda’s Article of July 13, 2017, in the Malawi Nation Online.
Kuba mtundu uwu mmmh kaya ndichani??
Mwawuziwa kale , ada yamba ndi uncle Mk90billion not accounted for.
Eishhhhh….. Kodi ku masukuluku ndi zimene tikumaphunzira? What is wrong with us as a nation please?
When we have corrupt and stealing leaders, all things of fraud and corruption becomes like a fashion
Inu tawasiyani a Mchakulu ndi Sukali. Kodi mmati iwo atani ngati Leader of DPP Tippex Government naye ndi wakuba? Kamufunseni mbava ina yaikulu, Jane Tippex Madando Ansah kuti zimayenda bwanji? Mbava zina ndi mbava zopemphera ngati Bishop Mary Nkosi, Chimkwita, Alfandika, Mathanga and all Data Clerks.
Like father like son
KKKK MAYBE IT WAS TOO LATE FOR TIPP-EX TO RESCUE THEM
It is unfortunate that the law extends its hands to some individuals and leave out some. The law is failing to bring to book those who embezzled tax payers money to put someone in power through Tipex.
TOO BAD
Sad that people steal as if they have not known there justice out there searching for them. Who was the ultimate beneficiary of the siphoned money? I will not be surprised it’s DPP. Eeish!
Wondered how you built your mansion in one year……you should be jailed without parole. Investigators please dig into their land and other holdings and confiscate for public auction