The Bankers Association of Malawi (BAM) told Public Affairs Committee (PAC) of parliament that there is no law in the country which prohibits a customer to cash certain amount of money on bank counter. A source in BAM told Nyasa Times on Sunday that during the meeting they had with PAC which was led by […]
First Merchant Bank risk intense investigations on its operations over dubious bank transactions contributing to the Capital Hill Cash-gate scandal, Nyasa Times understands. FMB will be taken to task for failing to comply with the money laundering law. The bank failed to report to Financial Intelligence Unit (FIU) on transactions of over K1 billion connected […]
The High Court in Zomba on Friday granted bail to businessperson Oswald Lutepo. Lutepo who handed himself to the police on 6th November 2013 is being charged with theft contrary to Section 278 of the Penal Code and money laundering contrary to Section 35 (1)(c) of the Money Laundering, Proceeds of Serious Crime and Terrorist […]
Pressure in mounting on Malawi police to impound 22 vehicles which the principal suspect in the cash-gate scandal Oswald Lutepo donated to the ruling People’s Party (PP) until Lutepo provide source of the money used to buy the vehicles. Lutepo, a former member of PP’s executive committee, who is accused of using his companies as […]
Lawyer John-Gift Mwakhwawa representing Pika Manondo, one of the suspects in the shooting of Ministry of Finance budget director Paul Mphwiyo, has argued that his client is being victimized for refusing to implicate former Justice Minister Ralph Kasambara in the matter. Makhwawa speaking on Tuesday evening in a telephone interview confirmed an earlier assertion in […]
In the first edition on Nyasa Times column of ‘Smoke and Mirrors’, I outlined the character of Paul Mphwiyo, the Budget Director who was shot some months ago, to the effect that he was not exactly Mr. Clean Guy. I also talked about his close acquaintance Pika Manondo as being the one who would be […]
The ruling People’s Party (PP) has suspended two of its executive members, Ralph Kasambara and Osward Lutepo over allegations of attempted murder and money laundering charges the two are respectively answering in court. Kasambara was the party’s director of legal services while Lutepo was deputy director of recruitment. In an interview with Nyasa Times, PP’s […]
The High Court in the Eastern district of Zomba on Thursday made a determination that ruling People’s Party official and businessperson Oswald Lutepo remains in custody for 21 days pending investigations into alleged theft and laundering of K2.6 billion (US$650 000) in the cash-gate before it can determine bail for the accused. Lutepo who handed […]
Lawyer Jai Banda for main suspect in the Capital Hill cash-gate scandal Oswald Lutepo, has told High Court in Zomba that the social media had treated him in a grossly unfair way . The court sitting presided over by Judge Godfrey Mwase on Tuesday afternoon heard bail application submissions from the defense counsel and also […]
The High Court in eastern city of Zomba will Thursday rule whether businessperson Osward Lutepo, who has been charged with money laundering in connection with the capital Hill cash-gate, should be released on bail. Lutepo failed to show up at the High Court on Tuesday for his bail application hearing. His lawyer Jai Banda informed […]
Malawi Police Officer Makwinja on Saturday took Pika Manondo, a key suspect in the shooting of Treasury budget director Paul Mphwiyo, to Zomba from Lilongwe to have a face-to-face meeting with Osward Lutepo who has been charged with theft and money laundering to discuss the shooting of the treasury official, Nyasa Times understands. At the […]
Ruling People’s Party (PP) deputy director of recruitment and sensitisation, Osward Luetpo has been charged with theft and money laundering. Lutepo, who handed himself to the police on Wednesday after travelling from Dubai, was formally charged at Zomba Magistrate Court on Thursday. His lawyer Jai Banda said the state asked that the case be transferred […]
Critics raised eyebrows over the way Interpol-listed businessperson Oswald Lutepo handed himself over to Malawi police without being arrested at the airport upon arrival from an undisclosed location. Lutepo on Wednesday drove straight to the National Police Headquarters at Area 30 in Lilongwe accompanied by his lawyer, Jai Banda where he handed himself in. But […]
Businessman Osward Lutepo, who left Malawi at a time his name featured prominently in the Cashgate scandal, has jetted back in the country on Wednesday and went to National Police headquarters in Area 30, Lilongwe accompanied by his lawyer, Jai Banda to had himself in, Nyasa Times can reveal. Lutepo, 35, has been strongly alleged to be […]
Some People’s Party (PP) gurus are panicking over the coming to Malawi of businessman Osward Lutepo by implicating him in the attempted murder of Budget Director Paul Mphwiyo on September 13, 2013. An insider who is privy to the Mphwiyo shooting investigation was reacting to Nyasa Times story which said Lutepo had a hand in […]
Businessperson Osward Lutepo, who was allegedly used as a conduit of stolen public funds, has been implicated to have had a hand in the plot to shoot budget director Paul Mphwiyo, according to a sworn affidavit in court of one suspect. According to court documents, an affidavit sworn in by one suspect Charles Chalonda of […]
Businessman Osward Lutepo, who left Malawi at a time his name featured prominently in the Cashgate scandal , says that he isn’t a “fugitive who is willfully evading the probe” and that he is set to jet back home. Lutepo, 35, has been strongly alleged to be part of syndicates that have been gluttonously siphoning billions from […]
The arrest of the Assistant Accountant Frank Mwanza in the Office of the President and Cabinet in connection to the Capitol Hill ‘cashgate’ scandal has been described as a game changer in the ongoing crackdown on financial maladministration as it has transpired that Mwanza is directly connected to almost K120 million cash which was found […]