We stand by our Chuka story – Nyasa Times

The Nyasa Times says it stands by its story that Reserve Bank of Malawi (RBM) Governor Charles Chuka  is reportedly unhappy with some of the underhand dealings within the government  and that he regret the introduction of the new K2,000 bank note  which has been necessitated due to the depreciation of the kwacha and inflation.

Chuka, who recently told Parliamentary Committee on International Relations  that  the high inflation and high interest rates prevailing in the country are not a result of lack of knowledge among technocrats including those at the Central Bank but are fruits of political choices,  issued a statement using the Reserve Bank of Malawi resources to place his rebuttal ias an advertisement in the press.

He also rejected that he has not publicly or privately  expressed a view that  President Peter Mutharika is running a government of “thieves” and that the central bank is being manipulated by political leaders.

Chuka demanded Nyasa Times to publish an “authenticated” email that he sent to a political leader or retrieve the article with an  quivocal apology threatening legal action if  his demands are not met.

Nyasa Times is saying Chuka should have made the demand directly  to the news organisation which published the story, saying it will not be stampeded to publish his  emails and other correspondents.

If he decides to sue –  he should not  use the Central Bank resources – because the matter involves him personally, the correspondence can be tendered.

“We wish to assure our readers and stakeholders that we stand by our story,” Nyasa Times editorial management said.

“We at Nyasa Times pride ourselves on our objective, accurate and invetisgative way we present information and relay facts to the public. It is our job to be objective or tell the truth,even in the face of legal threats from the powerful in the society.

“In regards to the article in question, we are sticking to our story and to those that have threatened legal action, we say this, see you in court.”