Police arrest ex-Reserve Bank of Malawi Officials, Former Governor Kabambe wanted in K4.3 Billion scandal

Dalitso Kabambe

The Malawi Police Service has arrested former Reserve Bank of Malawi (RBM) Deputy Governor Henry Mathanga, retired Director Rodrick Wiyo and Manager Leya Ndonga in connection to the suspicious transfer of K4.3 Billion to FDH account number 1024883104001 the night before the Malawi Electoral Commission (MEC) announced results of the fresh Presidential Elections that ushered Dr Lazarus Chakwera into power.

Former Reserve Bank Governor and Democratic Progressive Party (DPP) Presidential aspirant, Dr Dalitso Kabambe is also wanted by the Police in the same saga after he authorized the transfer of K4.3 Billion to the FDH account held in the name of Chief Elections Officer.

When news of the suspicious transfer first broke, the Malawi Electoral Commission (MEC) had defended the existence of the dubious account and released a statement saying the money had been duly authorized by the Accountant General to help MEC pay for expenses during the polling exercise.

Several more arrests are expected this week in relation to the same matter.

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