Zameer Karim released on bail

Blantyre Magistrate Court has released on bail businessperson Zameer Karim of  Pioneer Investments, following his arrest over tax crimes and money laundering.

Karim of Pioneer Investment on bail

Karim was arrested after  Faizal Latif of Mapeto David Whitehead Limited has blown the whistle to Malawi Revenue Authority (MRA) over fake issuance of tax clearance certificate with a forged signature of MRA deputy director general Roza Mbilizi.

The bail conditions for Karim included a cash bond of K250 000, two sureties with K500 000 each not cash.

Zameer Karim is also answering charges  in which government paid K2.7 billion directly to Pioneer Investment against an undertaking by a public officer to pay the contract price to CDH investment Bank Limited.

It was reported the undertaking was through a forged signature by Karim.

The direct payment to the contractor saw the bank losing out; hence, the court action.

The investigation report also mentioned the governing Democratic Progressive Party (DPP) as a beneficiary of the proceeds as Karim deposited K145 million into its bank account at Standard Bank.

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ERUTU
ERUTU
8 months ago

Pumbwa ameneyu his days are NUMBERED

Amtchona
Amtchona
8 months ago

He is the Gupta of Malawi who used JACOB Zuma to secure government contracts now is using APM

Stanley Mdala
Stanley Mdala
8 months ago

This man called Zameer Karim needs to be sorted out by the incoming government of Tonse Alliance in order to stop him feeling big in as far as corruption involving government agencies like MRA and others. The fact is that he has given illicit money for corruption activities and nothing is happening to him because even Peter Mutharika has benefited from his illegal business which is denying the the actual payment of tax to government coffers. The next Tonse Alliance governments should have a complete profile of all Asians involved in corruption and whose cases are still in pending files.… Read more »

Ulemu Namitembo
Ulemu Namitembo
8 months ago
Reply to  Stanley Mdala

Do you mean to Say Chakwera and Chilima are NOT Corrupt were are they getting the Money for Election Who is Funding them which should be queired also?

Waiting and Watching
Waiting and Watching
8 months ago
Reply to  Stanley Mdala

Then you are naive. Ever wondered why it is the same asians corrupting each government? It is because they support both parties during campaign so that they gain favours when either goes into government. I can bait my right arm that even Tonse has slready benegitted from a multitude of so called Asian well wishers. No free lunch. Waiting and watching

ERUTU
ERUTU
8 months ago

Idiot 💰

Chindere
Chindere
8 months ago

He’s a maffia this guy

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