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Former Salima Sugar Company Chairperson Sherieesh Betgiri who is accused of money laundering released on bail

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By Chisomo Phiri

Lilongwe Magistrate court through Chief resident Magistrate Madalitso Chimwaza has on Monday released on bail former chairperson for Salima Sugar Company, Sherieesh Betgri, who is accused of tax evasion and money laundering.

Among other conditions, the court ordered Betgri to pay a K100 million bond and surrender his 51 percent stake in Salima sugar along with his travel documents.

The court also ordered that the accused should have two sureties where he should pay K50 million each and deposit half of the money to the court.

Betgri now on bail



However, Betgri, pleaded not guilty to charges the state has levelled against him .

Betgiri is being accused of unlawfully obtaining a USD 300 million (about 300 billion kwacha) loan from Dubai in the name of Salima Sugar Company.

The Government of Malawi has 40 percent shareholding in the company through the Green Belt Initiative Holdings Limited.

MRA clarifies on newly gazetted specific taxes on motor vehicles

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By Chisomo Phiri

Malawi Revenue Authority (MRA) on Monday made a clarification on the newly gazetted specific taxes that have been put on motor vehicles.

Addressing journalists in Blantyre, MRA Deputy Commissioner of Custom and Excise Chimwemwe Kawalewale explained that these specific taxes are among other important things aimed at addressing valuation disputes and restrict importation of older second hand vehicles.

Chimwemwe Kawalewale



Kawalewale said, for instance, in the 2022/23 financial year alone, 290 valuation appeals were refered to MRA headquarters and out of this, 254 were on used motor vehicles with 245 cases from Songwe Border Post alone, something which is not good.

According to Kawalewale, MRA sat down and came up with new tax figures.

“We sat on huge volumes of data and analysts looked at those figures to come up with the values,” said Kawalewale.

He added that the new tax regime will benefit importers because they will now know duty in advance and this will iron out loopholes where people could undervalue the car to pay less duty.

“Consumers will know the actual value of the duty to be paid and it will benefit more the importers because they will have power, everything has been put in the open and the know the amount of taxes to pay,” he said.

Statistics also show that motor vehicles are among the top three imports which are draining the country’s foreign exchange.

The Customs and Excise Tariffs Amendment Number 4 Order 2023 which has introduced fixed duty on imported vehicles, was signed by Finance and Economic Affairs Minister Sosten Gwengwe and comes into operation on July 15 2023.

Mutharika endorsed as DPP presidential torchbearer for 2025 elections

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By Chisomo Phiri

The former ruling Democratic Progressive Part (DPP) National Governing Council (NGC) has endorsed Former Malawi leader Professor Arthur Peter Mutharika as the party’s torch bearer for 2025 Presidential elections.

The party announced endorsing Mutharika, 83,during an NGC meeting held on Monday in Mangochi.

Among other reasons the NGC members said Mutharika who ruled Malawi between 2014 and 2020,should return to the presidency because he can provide solutions to the challenges which Malawians are facing.



But speaking to the media after the meeting, Mutharika said he will think about the proposal and inform the nation at his opportune time about his decision.

“I am very humbled to be endorsed for 2025 Presidential elections candidate but I will make a decision on that,” said Mutharika.

During the meeting, the party also announced that it has moved its elective conference from July this year to July next year.

According to Mutharika, the change in dates has been made to allow the party to adopt constitutional changes that have been made during the NGC meeting .

He added that the Party will in December this year hold a high level political conference to review and adopt the constitutional changes that have been made regarding the number of delegates to the convention.

After losing 2020 Fresh Presidential elections, the DPP sanctioned a functional review committee to do a postmortem on why the party lost elections and conduct a review of the party.

The Monday NGC meeting was held after a court injunction banning the meeting was stayed.

DPP presidential aspirants such as Dalitso Kabambe, Leader of opposition in Parliament Kondwani Nankhumwa and Bright Msaka attended the meeting.

Chilima’s corruption case adjourned to July 19

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By Chisomo Phiri

High Court Judge Redson Kapindu has on Monday adjourned to July 19,2023 the case in which Vice President Saulos Chilima is being accused of corruption.

The defense applied that the court must waive bail conditions where Chilima reports to the Anti-Corruption Bureau (ACB) once every three months and has his passport withheld by the court.



The court also ruled that the case must return to the court on August 1, 2023 for disclosures of witnesses and plea.

Kapindu said that there is need for prosecution to serve defense with disclosures before the accused hears his charges and takes plea of either guilty or not guilty.

Defense lawyers led by Kalekeni Kaphale argued that they did not have enough time to study the charges before coming to court where their client, Chilima, was to take plea and for the mention of his charges.

“In view of arguments from both parties and also that the accused was arrested in November last year about eight months down the line the prosecution could have had time to put together the charge sheet and make disclosures available,” said Kapindu.

Earlier on, Kapindu ruled that the disclosures should be made within seven days to which the state requested for extension of time.

This is where Judge Kapindu granted the state 21 days.

ACB arrested Chilima on November 25 2022 for allegedly receiving bribes amounting to $280 000 from businessman and corruption suspect Zunneth Sattar.

He faces six counts-three are for corrupt practices by a public officer contrary to Section 24(1) of the Corrupt Practices Act (CPA), two are for receiving advantage for using influence in regard to contracts contrary to Section 29 (1) (b) of the CPA.

The UTM President is also answering a count of failing to make a full report to a police officer or an officer of the ACB that an advantage had been corruptly given contrary to Section 36 (1) of the CPA.

Chakwera secures 10 million kgs Tobacco market in China

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By Cedric Nkungula

President Dr. Lazarus McCarthy Chakwera says he has secured a market for 10 million kgs of burley and flue – cured Tobacco on his recent China trip.

This is good news to Malawian Tobacco farmers to benefit from their sweat.

The Malawi leader jetted back home on Monday 3rd July 2023 from China where he attended the Third China – Africa Economic and Trade Cooperation (CAETE) Forum.

Updating Malawians through his official Facebook page, President Chakwera explained that the development is a huge incentive to farmers in the country who through extra effort to their trade – will gain from this new economic opportunity.



“In addition, we also reinforced cooperation with China though discussions with government officials and penning of several memoranda of understanding with Huawei Technologies for more cooperation in renewable energy, broadband connectivity, e – government, smart education and ICT talent training,” he said.

On the economic front and as continuation of negotiations with multilateral creditors, says Chakwera, he lobbied China to ease the debt burden that continues to weigh down the country’s economic prospects.

“I am anticipative that these continued discussions will in the end yield good news including a new economic programme with the International Monetary Fund.”