The High Court in Blantyre has set February 14 to rule on whether there should be a split trial in the K20.9 billion ‘Bankgate’ case, in which a Pakistani national, Abdul Rehman, allegedly defrauded local banks. Some banks in the country were defrauded out of at least K20.9 billion after a Pakistani businessperson, who was […]
High Court judge Silverster Kalembera has refused a bail request to Pakistani national Abdul Rehman Cotton Ginners Africa Limited (Cgal) who is jointly charged with board chairperson Mahomed Farook Ibrahim on suspicion of playing a part in the alleged defrauding of K20.9 billion from commercial banks through loans. Rehman, one of the directors at Cgal, arrested upon arrival […]
Malawi Police Service Fiscal and Fraud Section has made a fresh arrest in a matter which some commercial banks in the country were defrauded out of at least K20.9 billion after a Pakistani businessperson, who was one of the directors at a local cotton company, obtained loan facilities totalling K20.9 billion and fled the country. […]