Attorney General Thabo Chikaka Nyirenda says a forensic audit into Salima Sugar Company has exposed rampant mismanagement and misuse of huge sums of money at the company.
He indicated that the audit has disclosed that an amount of over $30 million has been misappropriated by the company through dubious deals and money laundering adventures.
Nyirenda disclosed this today during a press briefing at the Ministry of Justice office at Capital Hill in Lilongwe.
He stated that the Government of Malawi is currently repaying debts obtained by the company from various institutions without the board’s approval or government advisory.
He noted the involvement of some company officials, civil servants, and other government officials in the scheme, assuring that the law will be applied.
Nyirenda highlighted that despite substantial investments and profits generated by the company, the government has not benefited from the forex revenue earned through their exports, which he described as a hindrance to the country’s economic development.
The Attorney General has assured Malawians that his office is taking swift action to recover the money and bring the perpetrators involved in the syndicate to book.
Minister of Information and Digitalization, Moses Kunkuyu who accompanied the Attorney General to the Press Briefing session, has affirmed government’s commitment to recovering the stolen funds for the benefit of ordinary Malawians, emphasizing that President Chakwera’s dedication to combating corruption and ensuring responsible management of government resource.
