This week has been interesting. People that have transcended regimes in terms of sustaining warm ties with the politburo of ruling bureaucracies were called to account. It is unusual in this country to effect such an arrest and given the run-rate displayed so far, then ending excesses and trickery by businessmen is nigh. Malawi Revenue […]
“The suspects have been ordered to surrender all their travel documents.” Blantyre Senior Resident Magistrate Akya Mwanyongo has granted bail to five Mapeto David Whitehead and Sons officials who were arrested on an alleged K10.8 billion tax evasion case. The five were arrested on Friday and Sunday respectively for being suspected of defrauding the Government […]
The officials were arrested yesterday for alleged tax evasion.
One of the lawyers representing the accused persons, Jai Banda, asked the court to release on bail Faizal Giffard Latif the company director, managing director Muhammed Gaffar, financial controller Abdul Rashid Bakali, procurement manager Yaseen Muhammad and general manager Martin Mpata, arguing that the suspects cannot flee the country.
But the state, through its lawyers Anthony Chungu and Beatrice Mwangwera, objected to the defence’s bail application saying it was premature.
After hearing from both parties, Senior Resident Magistrate Akya Mwanyongo reserved the ruling on the bail application to tomorrow afternoon.
The five top officials were arrested for tax evasion case leveled against the company.
The Malawi Revenue Authority (MRA) arrested the five for various offences committed while discharging their duties, exercises in which money amounting to 10 billion kwacha was defrauded through taxes.
The five are: Fazial Gaffar Latif, who is the Director, Mohammed Gaffa, who serves as Managing Director as well as Abdul Rashid Bakali, who is the company’s Financial Controller, Yaseemn Muhammed, the company’s procurement officer and Martin Chapasi Mpata, who serves as General Manager.
Jai Banda, one of the lawyers representing the accused said the five will appear in court today to be formally charged.