Month: May 2016 Posts

Panama papers: Press Trust among 46 Malawi businesses in off-shore tax haven

May 17, 2016 Collins Mtika 5 &

...Reserve Bank defends 'tax dodgers' ...“We don’t pay tax to Malawi” says Press Trust The Reserve Bank of Malawi has disclosed that it duly approved Press Trust Overseas Limited, a subsidiary of Press Trust, to… ...

No holds barred: Mutharika must be impeached for meddling with the Muluzi case

May 15, 2016 José Safarao 102 &

One day in December last year, President Peter Mutharika arrived at Chisitu Community Ground in Mulanje District wearing a grey suit and dark glasses. He was here to preside over the commemoration of the International… ...

Breaking: Muluzi’s co-accused, Lyness Whiskey, collapses in Court

Apr 18, 2016 Luke Bisani 198 &

Second accused in former Malawi President Bakili Muluzi’s  K1.7 bllion corruption case Lyness Whiskey has collapsed in Blantyre high court today. According to Judiciary Spokesperson Mlenga Mvula Whiskey started gasping as soon as she got… ...

Zuma found guilt! Asked to pay back money he stole from SA govt

Mar 31, 2016 Kondwani Mkhalipi-Manyungwa 238 &

…Zuma’s journey ends here - Malema The South Africa Constitutional Court has given President Jacob Zuma three months to pay back the money he drew from the public coffer that he used to upgrade his… ...

Farmers World ‘secretly auctioned’ to a tax haven

Mar 29, 2016 Collins Mtika 10 &

A Mauritius domiciled investment fund, Phatisa, has acquired one of Malawi's arguably number one agro- processing group of companies, Farmers World, in a secret deal which has send goose pimples among the company’s 3,000 employees… ...

MRA seals Mike Appeal and Gatto offices over K1.2 billion unpaid taxes

Feb 29, 2016 Pearson Nkhoma 19 &

The Malawi Revenue Authority (MRA) has today sealed the offices of Mike Appeal and Gatto offices in Blantyre and Lilongwe over K1.2 billion in unpaid tax. “We have sealed the offices of Mike Appel and… ...

Sustain ACB funding or forget about cashgate

Feb 28, 2016 Victoria Milanzi 8 &

One of the political commentators in the country says there is a need to come up with a secure funding for the Anti-Corruption Bureau (ACB ) so that it is not paralysed by underfunding. Chancellor… ...