Head of Press Corporation Limited (PCL) Mathews Chikaonda is at the centre of a scam involving Telekom Networks Malawi (TNM) shares worth millions.
According to reports, Chikaonda has been ordering his underlings at Press Corporation to transfer TNM shares of Ulalo Telecoms Limited (UTL) to another entity.
The reports that Malawi24 has seen claim that Chikaonda first ordered Puma Energy managing director Davies Lanjesi to forge documents that claimed that UTL had changed its directors. Lanjesi then lodged the fraudulent documents at the registrar of companies, a move that contravenes the Malawi’s Companies Act.
Lanjesi is facing corruption and fraud charges in South Africa related to his role.
Meanwhile, Malawian entrepreneur Chisa Joshua Mbele who is group chief executive of Ulalo Capital Investments Limited has since accused Chikaonda of forcing him to buy shares in Telekom Networks Malawi at double the agreed price.
Mbele whose company also co-owns UTL claims that Chikaonda connived with broker to overcharge Mbele who coughed K321 million instead of K171 million.
Chikaonda then encouraged Mbele to increase UTL’s stakes in TNM from 3% to 5%. The company was told to pay K461 million for additional 2 % shares but the price was later increased to K489 million, with Ulalo again incurring loses.
In response to the numerous accusations against him, Chikaonda wrote a demeaning letter to Mbele.
“By the way, you tried to give me advice in one of your submissions, kindly note that I would rather take advice from a donkey than a Mr. Mbele. You are not competent to give me advice. In my retirement mode, I have the time to exercise my right to defend myself and respond to any and all allegations,” the learned professor wrote.
Chikaonda will leave his post at PCL in December this year.
Chikaonda chikoma ndi nchele inuu!
Don’t understand why some savages had had to learn academics!
It’s now clear that the ‘Proffessor’ tag is not suitable for Malawi-this explains why it’s fraudrently obtained always.
anyongedwe!
Panyapako Chikaonda…mzako wamubera dollar ndye uzinyozaso ndili ine i can arrange a hit mphwiyo style ukuzipopa kwambiri
koma ndye….amalawi sazathekaso….dyera ndichuma
Kma anthuwa sadzasiya kuba ndithu
[READ MY STORY. ON HOW I GOT MY HIV CURED].
Truthfully, i was tested HIV + positive for the past 8 years. I keep on managing the drugs i usually purchase from the health care agency to keep me healthy and strengthen, i tried all i can to make this disease leave me alone, but unfortunately, it keep on eating up my life. So last Two Months i came in contact with a lively article on the internet on how this Powerful Herb Healer get her well and healed. So as a patient i knew this will took my life one day, and i need to live with other friends and relatives too. So i copied out the Dr Collins the herbal healer’s contact and I contacted him immediately, in a little while he mail me back that i was welcome to his Herbal Home whereby all what i seek for are granted. I was please at that time. And i continue with him, he took some few details from me and told me that he shall get back to me as soon as he is through with my work. I was very happy as heard that from him, as i was just coming from my friends house, Dr Collins called me to go for checkup in the hospital and see his marvelous work that it is now HIV negative, i was very glad to hear that from him, so quickly rush down to the nearest hospital to found out, only to hear from my hospital doctor called Browning Lewis that i am now HIV NEGATIVE. I jump up at him with the a test note, he ask me how does it happen and i reside to him all i went through with Dr Collins. I am now glad, so i am a gentle type of person that need to share this testimonies to everyone who seek for healing, because once you get calm and quiet, so the disease get to finish your life off. So i will advice you contact him today for your healing at the above details: Email ID: [email protected] or you can also add him up on whataspp +2349036950737. CONTACT HIM NOW TO SAVE YOUR LIFE AND DOCTOR ALSO CURE ALL KIND OF DISEASE AND SICKNESS: [email protected] AS HE IS SO POWERFUL AND HELPFUL TO ALL THAT HAVE THIS SICKNESS.
Apite ku prison basi mr no polobulemu
Mr Chikaonda, you mean you’re not satisfied with the millions of kwachas that you have? By the way,this is not the way of talking to your friend, (kindly note that I would rather take advice from a donkey than a Mr. Mbele. You are not competent to give me advice.) Ngati zili zifukwa zina just keep quet rather than calling these nasty remarks. Inuyo kuphunzira kwambiri kapena chiyani?
witch hunting at its best