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Timber millers reject call for cancellation of vigil at Capital Hill
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Timber millers owe Malawi Govt MK102 million debt despite unreasonable planned vigil at Capital Hill
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Former Malawi Central Bank governor Dalitso Kabambe charged with four counts, another night on remand
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Mwanamvekha issues rebuttal on Mulli s loan deal with Malawi govt: Am not involved | Malawi Nyasa Times
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March 7, 2021 Wanga Gwede - Nyasa Times 27 Comments
The Reserve Bank of Malawi (RBM) has sued Mulli Brothers Limited, JF Investment Limited of Justin Fredson Likhunya and three other local companies for failure to repay about K3.2 billion in loans connected to subsidised fertiliser deals they signed with the government.
Chakaka Nyirenda: Files the summons on behalf of RBM
Mulli: I am denied contracts so where do I get the money
According to court document, the central bank lawyer Thabo Chakaka Nyirenda filed in the High Court Commercial Division on March 2 2021 the companies were accessing the loans as part of a trade finance agreement known as Dual Tranche Strategic Structured Commodity and Trade Finance Facility which they signed a couple of years ago.