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
-
Vice-President commissions 100 new Metro Mass buses
5 minutes -
NITA defends ICT fees, rejects claims of ‘digital coup’
1 hour -
Ice baths, almond milk, meditation and a ‘house like a hospital’: The secrets of Salah’s success
2 hours -
This Saturday on Prime Insight: GN Savings and Loans licence restoration and the Abronye bail debate
3 hours -
Putin vows retaliation after accusing Ukraine of hitting student dormitory
4 hours -
2026 ACI World Congress: In Accra, a quiet reframe of how emerging markets see themselves
4 hours -
No break-in, no theft at Ashaiman showroom – Hisense Ghana clarifies
4 hours -
This Saturday on Newsfile: Attack on free speech and return of GN Bank
4 hours -
Opinion: The evidence before High Court continues to expose weakness of the Republic’s case against Wontumi
4 hours -
Ebola risk raised to ‘very high’ in DR Congo
5 hours -
I recommended Haruna and Muntaka for ministerial roles — Asiedu Nketia
5 hours -
The Cost of Macroeconomic Stabilization: An Analysis of the Bank ofGhana’s 2025 Financial Deficit
5 hours -
Isaac Nlason elected SRC President of the Ghana School of Law
5 hours -
Haruna Iddrisu takes a subtle jibe at Asiedu Nketia’s ‘Thank You Tour’
5 hours -
GSA, PTB donate 50 calibrated weighing scales to Techiman traders on World Metrology Day
6 hours