Audio By Carbonatix
Police in Malawi has arrested former Finance Minister Joseph Mwanamveka and former Central Bank head Dalitso Kabambe on charges of abuse of office and fraudulent accounting.
A police spokesman said the two, while serving in their respective positions, allegedly procured and masterminded the falsification of financial records with intent to help Malawi secure a loan from the International Monetary Fund.
The two deny wrongdoing, calling the arrest a political witch-hunt.
In recent days, both men have expressed an interest in running for the presidency in the main opposition Democratic Progressive Party, with a view to challenging President Lazarus Chakwera, whose term of office ends in 2025.
Police have also arrested another former cabinet minister, Ben Phiri, for alleged fraud in an unrelated case.
Mr Phiri, who was a local government minister under former President Peter Mutharika, also denies any wrongdoing.
Latest Stories
-
Indonesians raise white flags as anger grows over slow flood aid
16 minutes -
Why passport stamps may be a thing of the past
27 minutes -
Pope Leo urges ‘courage’ to end Ukraine war in first Christmas address
37 minutes -
Commentary on Noah Adamtey v Attorney General: A constitutional challenge to Office of Special Prosecutor
46 minutes -
GOLDBOD CEO explains ‘Clear Typo’ in Foreign Reserves claim
4 hours -
Trump says US military struck ISIS terrorists in Nigeria
4 hours -
Civil society group calls on BoG to suspend planned normalisation of non-interest banking
6 hours -
King Charles’ Christmas message urges unity in divided world
6 hours -
Jingle bills: Arkansas Powerball player strikes $1.8bn jackpot on Christmas Eve
7 hours -
Brazil ex-President Jair Bolsonaro’s surgery for hernia ‘successful’
7 hours -
Ghana and Afreximbank announce successful resolution of $750 million facility
10 hours -
IGP inaugurates Ghana Police Music AcademyÂ
10 hours -
Proposed 5-year presidential term will be difficult for underperforming presidents to seek more – Prof Prempeh
10 hours -
Constitution review was inclusive, structured and effective – Prof Prempeh
10 hours -
Public urged to remain vigilant to ensure fire incident-free Christmas Â
10 hours