The State has dropped criminal charges against four central bankers suspected to have connived with former Reserve Bank of Malawi (RBM) manager, Charles Ezra July Mchakulu and three others, to steal K340 million from the central bank. Mchakulu, together with Lucy Rachel Sukali, Rebecca Martha Chisenga, Olivia Misozi Phiri, Neddie Khonje, Kondwani Cuthbert Banda, Elluby […]
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 […]
Reserve Bank of Malawi (RBM) is investigating its manager (financial operations) Charles Mchakulu after an audit results revealed that K340 million has been stolen. The central bank has included in the probe, other law enforcing agencies such as Fiscal Police, Financial Intelligence Agency (FIA). RBM spokesperson Mbane Ngwira said: “K340 million is suspected to have […]