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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.
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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. ....

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