High Court to listen to K30bn monetary crimes case involving Mulli Brothers, Muhara, Chiunda – Malawi Nyasa Occasions
The High Court in Lilongwe is ready to listen to a major case involving allegations of economic misconduct in opposition to Leston Mulli of Mulli Brothers Limited (MBL), former Secretary to the Office of the President and Cabinet Lloyd Muhara, and former Secretary to the Treasury Cliff Chiunda.
The trial, scheduled from October 22 to October 24, 2024, comes after months of investigations into corruption and abuse of workplace tied to a authorities mortgage scheme.
The authorized troubles for Mulli, Muhara, and Chiunda started on July 12, 2022, when Malawi Police arrested them in reference to stories of corruption involving the Malawi Savings Bank (MSB).
The investigation revealed that Muhara had directed legal professionals for the MSB Debt Collection Company to halt chapter proceedings in opposition to Mulli, who had beforehand taken out a considerable mortgage from the state-owned financial institution earlier than its controversial sale in 2015.
Following the sale, the federal government established the debt assortment firm to handle poisonous loans. Allegations surfaced that key officers, together with Muhara and Chiunda, intervened to spare Mulli from repaying his vital debt with out enough justification.
This intervention was seen as a part of a broader scheme that allegedly siphoned off K30 billion from public funds through the earlier administration.
After the change in authorities, which ousted the Democratic Progressive Party (DPP) administration believed to have facilitated these corrupt actions, investigations intensified.
Mulli and Muhara had been arrested alongside Chiunda, who can also be implicated within the scheme. The trio was launched on bail two days later, on July 14, 2022, after every paid a money bond of K500,000 and secured sureties price K10 million. They are required to report back to Area 30 police each two weeks as a part of their bail situations.
The upcoming trial is very anticipated, with the State’s Public Prosecutor saying that every one crucial authorized procedures have been accomplished, paving the way in which for the hearings. The defendants face a number of prices associated to monetary misconduct and abuse of public workplace.
Legal specialists imagine the trial may have far-reaching implications for accountability and governance in Malawi, significantly as the brand new administration seeks to deal with corruption that has plagued the nation.
As the trial date approaches, the general public and media scrutiny intensifies, reflecting a broader demand for transparency and justice within the dealing with of public sources. The consequence of this case might set essential precedents for future corruption investigations and prosecutions in Malawi.
Follow and Subscribe Nyasa TV :