New twist in IMF case: Mwanamveka to face trial again

By Chisomo Phiri

In an unexpected turn of events,the Director of Public Prosecutions (DPP), Masauko Chamkakala, has revived the prosecution of former Finance Minister Joseph Mwanamveka in a case of alleged financial misreporting to the International Monetary Fund (IMF) between 2018 and 2019.

The state, through Director of Criminal Litigation Dzikondianthu Malunda, has requested the Lilongwe Magistrate to commit Mwanamveka to the High Court for formal charging.


Mwanamveka was initially arrested in December 2021 and charged alongside former Reserve Bank of Malawi (RBM) governor Dalitso Kabambe and deputy governor Henry Mathanga.

The trio was accused of misrepresenting figures to the IMF to make it appear as though the Democratic Progressive Party-led administration was meeting the conditions of the $108 million Extended Credit Facility (ECF).

In a surprising turn of events, High Court Judge Redson Kapindu discharged Mwanamveka in January this year, citing a lack of evidence to warrant his conviction.

However, the prosecution of Kabambe and Mathanga is still ongoing.