Zameer Karim re-arrested after Faizal opens can of worms

Law enforcers gave re-arrested businessperson Zameer Karim whose trial of the K2.7 billion fraud case has stalled, this time  he is pursued over tax crimes and money laundering.

Karim (2nd r) with symapthisers arrested
Faizal Latif of Mapeto (L) with President Peter Mutharika

While the graft-busting body was ready to prosecute K2.7 billion case and  waiting on the court to set the date,  Faizal Latif of Mapeto David Whitehead Limited has blown the whistle to Malawi Revenue Authority (MRA) over fake issuance of tax clearance certificate.

Karim transferred his whole business overnight to Shiraz Karim of Capital Oil Refining Industries (Cori) or Kukoma and upon transfer he used a tax clearance certificate to the land registry which is always a requirement.

However, it is suspected that Karim forged the signature of MRA deputy director general Roza Mbilizi.

Karim, who owes Faizal $5 million he took on interest at 2 percent  per month,  has now sold the property to  Altaf Sattar of Transnabilla transport.

This is not the first allegations of Zameer Karim on forgery of signature for a public officer  as he is also accused of forging a signature of Commissioner of Police Innocent Bottoman.

Karim, alongside  Bottoman and Senior Superintendent Grant Kachingwe, is accused of conspiring to use public office for his advantage, trading as Pioneer Investments, to arbitrarily obtain K2.7 billion from Malawi Government.

According to case record number 1586 of 2018, Karim and Bottoman were charged with three counts each while Kachingwe, the third accused, faced one charge.

However, the Anti Corruption Bureau ( ACB) later amended the charges to include money laundering, conspiracy, influencing the use of public office and use of public office for one’s advantage contrary to Section 25 b (1) of the Corrupt Practices Act.

Following the arrests, MPS interdicted Bottoman and Kachingwe. Bottoman was accused of having unilaterally made an undertaking and commitment to CDH Investment Bank for Karim to access a loan.

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Adam, the wise man
Adam, the wise man
8 months ago

Q&A: 1) Who audits the accounts of these great companies? You got it right: ERNST YOUNG. 2) Who is the managing partner of ERNST YOUNG? You got it right: the other SHIRAZ YUSUF, who is cousin to Karim and “family” of all these gentlemen 3) How does SHIRAZ YUSUF, the accountant help them all?: You are right again: He cooks the books and abuse ERNST YOUNG’s signature, at a very high personal mark-up fee. One book for the bank and another book for MRA. 4) Who lose out: You got it again: MRA and the people of Malawi. SHAMEFUL EXPLOITATION… Read more »

Moses
Moses
8 months ago

Please someone explain to me why a reputable firm like ernst young can let its brand in Malawi be represented by a shady character. Surely they are aware of who shiraz, the accountant is and what he is doing. In this day and age, are they that blind? Are they just being satisfied with the money? Ethics matter and they must matter. I am really surprise that everyone in Malawi knows what this man is doing but ernst young is just burying its head in the sand. Even if shiraz yusuf has bribed both DPP/UDF and MCP/UTM, the new coalition… Read more »

Dr. AMP
Dr. AMP
8 months ago

This Shiraz Yusuf is no good. My cousin works with a firm (name withheld) where Ernst Young is the financial advisor. The man spoiled the deal! Believe it or not, he delay the submission of his report by over 7 months and just spoiled the deal. Perhaps to bring it to his buddies. Yusuf is no good. He is absolutely an outright dangerous mafia guy. Not sure how Ernst is associated with such a rascal.

Accused Number One
Accused Number One
8 months ago

Indian and Pakistani citizens are slowly capturing the Malawian government….

Nakuli
Nakuli
8 months ago

They have already captured Malawi government. It wouldn’t be an issue if they were doing so in legit and ethical manner. They have set up a complex scheme with the help of our own citizens (civil servants, banks, politicians, CEO of major companies such as PRESS Corporation, etc) to suck blood out of our country. Someone posted about this international accounting firm in Malawi using its brand to help these folks cover their tracks on their way to Dubai, Singapore to hide their money. Nice!

Moses
Moses
8 months ago
Reply to  Nakuli

What does PRESS Corp has to do with these bandits? Isn’t PRESS our own and controlled by our own Trust? Are you saying that the Yusufs and Karims & Cos. have found a way to infiltrate PRESS Corporation, our very own national company? This may explain the pathetic results that PRESS Corp declared a couple of month ago with a 33% decrease in profit for 2019. This is what you get if you go to bed with crooks. May God save Malawi then. We are cooked!

Adam the wise man
Adam the wise man
8 months ago
Reply to  Moses

I do agree with you about these Yusufs, Karims, Shiraz and all. But I disagree with you about Press Corp. Press is a great company with lots of great assets. They just need new blood and good partners that are not Indians or Paks. The CEO needs to be a little alive and creative. Press can do well. They must float more shares on the stock markets so that investors (local and LSE) can direct them a little and teach them a lesson when the management is sleepy. No one is there to whip them when things go wrong. The… Read more »

Saj
Saj
8 months ago

Lmd is even importing tyres but they can’t Corp
With mapeto
Mapeto bringing tyres under rebate of rethreading

Sajid sultan
Sajid sultan
8 months ago

Amin kukoma was in the north last weekend
Doing drugs, if he is denying please get him drug testing done

dpp handed back to udf
8 months ago

What about the chidakwa president? Immunity? Okay. God will deal with him very soon.

444444No
444444No
8 months ago

Koma izizi zomasankha kuti uyu amangidwe uyu ayi zawonjeza pa Nyasaland pano, ameneyi Karim mukumunyengelera y?

Sizzler
Sizzler
8 months ago

This is what Malawi should work on wheather this Gvt or coming Gvt. Our cCivil servants and most of you my relative s you take these Indians as your GODs … ever since the Multiparty the Indians overtook the economy ….Political parties come and go But these Indians have been on the forefront playing Civil servants and politicians like a gam of CHASE. Paja anati Dziko ndiwanu ndalama ndiwathu😢 for one thing i have learnt is the Civil Servants are the ones that introduces the Politicians to these Indians . for one reason : Civil servants being so long in… Read more »

Nalikuti
Nalikuti
8 months ago

These are the Malawi Guptas. They brush shoulders with the big league. even the Authorities bow down to their demands. Investigations always stall because of funding and investigators when given a few millions they stay quiet.
If we have an independent bureau of investigation most of INDIAN and PAKISTANI businesses would have shut down long time ago and billions of funds recovered.

Nakuli
Nakuli
8 months ago
Reply to  Nalikuti

Shot these Malawi Guptas down. To do so, the new president must insure that ACB has adequate resources to track frauds. How can they work if they are under funded. Some of the accounting firms help cover the frauds. Everyone in Malawi knows these Guptas work and who help them.

H E Nyaphapi One
8 months ago

I like the pictures. Especially faisal and arthur and Rango.

Livulezi river
Livulezi river
8 months ago

It is my sincere prayer that Tonse alliance under the leadership of Chakwera and Chilima so that these Malawians of Indians origins who had all along milking our economy get what they deserve. I trust this pair will try their best to clean the mess created by Bakili, and then continued by dpp fools. I am one of the citizens who are willing to give info on tax invaders and money laundering Asians in town. Let the UTMCP govt open a truth and reconciliation some sort of an office solely for the purpose of getting info on how mwenyez are… Read more »

Chartered accountant
Chartered accountant
8 months ago
Reply to  Livulezi river

Livelezi river, You said it better than anyone would have. These Malawians of indians and pak origins are amazingly milking Malawi to the bones. May God give you the opportunity to shield lights on their games. Please start preparing your info info package. Your patriotism will be rewarded. I also have tremendous info having worked with the chief bandit who orchestrates their cover up by cooking their books to fool MRA. If MRA has good investigators, they can easily undo this. When the new government takes over, it must insist that Shiraz Yusuf and Ernst Young leave the country. Yusuf… Read more »

A L K
A L K
8 months ago

Very interesting insights. The indian-pak businesses therefore rely on the Ernst Young umbrella provided by Shiraz Yusuf to screw MRA and Malawi. How can we make this right?

Judge J
Judge J
8 months ago
Reply to  A L K

It is so sad to read that a reputable firm like Ernst Young will lend its good name to commit massive fraud. MRA must hire other audit firms such as Deloitte to review Ernst fraudulent reports. Why is Ernst keeping this Yusuf man as its representative in Malawi? Can they not find other capable men or women in Malawi to represent them? They must send Yusuf man to exile. I am a judge and I am waiting for a case to teach this man a good lesson.

Mary T
Mary T
8 months ago

This Shiraz asshole again? This man is a pest. Whenever he is part of a transaction, it gets derail, often to his benefit or that of his partners.The man is an accountant and a representative of ERNST YOUNG, one of the world premier accounting firm in Malawi, yet he is also a businessman who competes against his clients, often unbeknown to them. What an unethical crap these Shiraz, Faisal, Faizal, and all are. I am sickened by them

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