A Lilongwe court has cleared former Finance Minister Joseph Mwanavekha of all charges. The judge said officials failed to show how Mwanavekha was linked to false reports about a $350 million loan. Police first took him with three others back in 2022. Courts threw out the case earlier this year, but officials tried again. Judge Redson Kapindu decided the claims held no water.
Lawyer Kalekeni Kaphale praised the ruling as very important for Malawi law. He plans to ask for the same freedom for Cliff Chiunda since his Treasury job did not connect him to any wrongdoing. Three people still face charges in this matter. Former officials Chiunda, Henry Mathanga, and bank head Dalitso Kabambe must return to court next month. Their hearing dates run from June 4 to 5 this year.
The case focuses on money from Afreximbank that went to the Reserve Bank of Malawi. Officials claim some leaders gave the IMF wrong information about this cash. The High Court's Financial and Economic Crimes Division handled this major financial case.
Lawyer Kalekeni Kaphale praised the ruling as very important for Malawi law. He plans to ask for the same freedom for Cliff Chiunda since his Treasury job did not connect him to any wrongdoing. Three people still face charges in this matter. Former officials Chiunda, Henry Mathanga, and bank head Dalitso Kabambe must return to court next month. Their hearing dates run from June 4 to 5 this year.
The case focuses on money from Afreximbank that went to the Reserve Bank of Malawi. Officials claim some leaders gave the IMF wrong information about this cash. The High Court's Financial and Economic Crimes Division handled this major financial case.
