Deposits Into Commercial News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Experts at the country’s central bank, the Reserve Bank of Malawi (RBM), say that the bank legitimately wired the K1 trillion in a single day in June last year to various local commercial banks as part of debt restructuring process.
Media reports published over the weekend indicated the June 26, 2020, a day before President Lazarus Chakwera was declared winner of the June 23 fresh presidential election, was questionable and “one of those under investigation at the central bank.”
Former RBM Governor Dalitso Kabambe
The article also linked the transactions to allegations of impropriety among RBM senior management that led to the arrest of former Governor, Dalitso Kabambe, Deputy Governor Henry Mathanga and Senior Dealer Financial Marketing Operations Leah Ndonga who are presently on bail. ....

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