We don’t have Chaponda’s K800 million – FDH Bank

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FDH Bank has refuted reports that Mulanje lawmaker George Chaponda has millions of money at the financial institution.

The rumours came hours after a raid by the Anti-Corruption Bureau (ACB) and Police found over $58,000 cash stashed in suitcases at Chaponda’s residence.

The investigators also found K124 million cash at the minister’s house where they went to look for information on the maizegate saga.

FDH-BankRumour mongers claimed that Chaponda also has K800 million deposited at FDH bank.

But the bank through its official Facebook page, FDH Bank Malawi, has said that the rumours are unfounded.

“FDH Bank has noticed that there are some rumor circulating that the former Minister of Agriculture, Dr George Chaponda has money at FDH Bank to the tune of MK800 million. FDH Bank would like to state that these rumors are not true and [are] unfounded. As a result, we ask all well-meaning individuals to ignore these rumors because they contain no truth. FDH Bank as a credible financial institution will abide to the confidentiality relationship that exists between the Bank and its customers. Posted FDH bank,” reads the statement.

Authorities are investigating Chaponda following a recommendation by a commission of inquiry that he should be probed over suspicious dealings with Transglobe Limited during the purchase of maize from Zambia.

After the huge sums of money were found at Chaponda’s house, Mutharika sacked him as minister of agriculture, irrigation and water development.

It is now expected that Chaponda will face more charges other than those related to maizegate if investigators find it necessary to charge him.

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48 Comments

  1. thats why the late Nyondo say lets build malawi with new party ;new leader maybe tokhoza kuona ko zina koma ndiomweo okhaokha just changing colour pp udf dpp shame my beatfull counyry

  2. African thieving politicians do not bank their loot with local banks.Try foreign ones.
    It is this stupidity in our thieving leaders that has taken Africa 500 years back.

  3. These politicians are stealing money left and right that’s why our country will remain poor and poor, most of these politicians be it current or in the past have enriched themselves with mansions and huge millions being kept or hidden somewhere instead of opening business for citizens to job.

  4. Japan had invented a machine that catches thieves; they took it out to different countries for a test.
    In US, in 30 minutes, it caught 20 thieves;
    UK, in 30 minutes it caught 500 thieves;
    Spain, in 20 minutes it caught 25 thieves;
    Ghana, in 10 minutes it caught 6,000 thieves;
    Uganda in 7 minutes it caught 20,000 thieves;
    Malawi , in 5 minutes the machine was stolen.

  5. Zonena Mbwee! Ee Koma Boma Ili Ndilokuba Ndnduna Zonse Zokuba,caponda Amangidwe,ndale Zakumalawi Eeee Zafkapo.Jyc Sanabe? Ma Milion Kash Get Alkut Pano? Ndunazake Szinalowa Ku Dpp. MZiko Muno Muli Cinyengo.Aboma, Otsutsa, Atola Nkhani, End Meny More Cinyengo 2 March. Thas Whay Today Mdziko Muno Mulibe Ndege,president Wadziko kumacita Hayar Ndege, Akamabwera Ndndalama Zingat Wagwlitsa Ntcito Paulendo Wake? Akuononga Misonkho Ya Amalawi,after 3 Days Ungomva! Cakwera, Spiker Nsowoya Ndanzawo Ena Agula Magalimoto Odula Atatu x2. Andlama Zokwana 3.Cakut Aliyense,kkk Esauka Alibd Mawu Musangalare Munjoyeletu Loro Pakut Yehova Amene Anakuikan Mmaudndowo Alipo Zonse Zomwe Mukwacitira Amthu Ake Akuona.

  6. they are onlyvtrying to be professional here…ndikakhala ine president zija zkonza miseu zija..amkati chani.food work program kaya ikanatoyambira pamenepa.ina kukagulira chimanga ku prison sinanga azakewa akumugwilira ukaidi coz ali ndi ndalama….

  7. Olo mubise bola tikuziwa kuti MBUZI IMENEYI YOTCHEDWA chaponda SISUNGA NDALAMA KU BANK, A ACB NDAMENE AKAMUSUNGIRA KU RESERVE BANK!
    AND FOR YOUR INFORMATION BAKOBILI ALI NDI IYE SANGASUNGISE KWANIKO,MUKUCHEPERA,
    NDALAMA ANAPEZA A ACB NDI ZANDIWO,ZENI ZENI SINGAZIPEZE ANAKUMBIRA PANSI