By using this site, you agree to the Privacy Policy.
Accept
The Times GroupThe Times Group
  • Home
  • National
    National
    Get the latest National News from your trusted source.
    Show More
    Top News
    John Tembo’s last mile
    October 5, 2023
    All eyes on President Mutharika
    October 31, 2025
    SFFRFM’s gag order on staff raises questions
    October 14, 2023
    Latest News
    Rising maize prices stir food insecurity fears
    November 13, 2026
    BCC demolishes illegal structures in Ndirande
    November 13, 2026
    K7.5 billion Norway donation targets 21,000 Malawi farmers
    November 13, 2026
    Power miss
    November 13, 2026
  • Business
    Business
    Breaking news and analysis on business and the economy, including the latest news in technology, stock markets, media and finance.
    Show More
    Top News
    Illovo profits up by K30 billion
    December 1, 2023
    Zomba City Council loses K60 million to illegal vending
    January 8, 2024
    Mixed performance for hospitality sector
    January 19, 2024
    Latest News
    Comesa central banks confront policy hurdles
    November 13, 2026
    Reserve Bank mops K410 billion from market
    November 13, 2026
    MSE targets mining firms’ market entry
    November 12, 2026
    Honey industry faces setbacks
    November 12, 2026
  • Entertainment
    Entertainment
    Your source for entertainment news, celebrities, celeb news, and celebrity gossip. Check out the hottest fashion, photos, movies and TV shows!
    Show More
    Top News
    Valentine show raises K17m for needy students
    February 18, 2025
    Tay Grin loses property in fire accident
    March 5, 2025
    Feast of acts in French in Francophone celebration
    March 24, 2025
    Latest News
    Zeze Kingston rallies local acts for New Year’s Eve gig
    November 13, 2026
    Jack Mapanje’s last verse rises from ‘Rare Earths’
    November 12, 2026
    Casino leads Maso chorus
    November 11, 2026
    Malawi, India bond in song of freedom
    November 10, 2026
  • Sports
    Sports
    Keeping you up to date on the latest sports news from Malawi and around the World. With live scores, fixtures from world of Football, Netball,…
    Show More
    Top News
    Blantyre derby grosses K80.4 million in gate revenue
    May 6, 2024
    FCB Nyasa Big Bullets to weigh Cecafa options
    May 17, 2024
    Beach Eagles retain HTD Beach Soccer championship
    May 27, 2024
    Latest News
    China tourney excites Scorchers
    November 13, 2026
    Flames face Egypt in crucial Afcon match
    November 13, 2026
    Flames step up preparations ahead of Egypt clash
    November 12, 2026
    Fam commits K5 million to Swam
    November 12, 2026
  • fyi
Search
More Categories
  • World
  • Features
  • Leisure
  • Social and Human interest
  • Digital & Technology
  • Advertise
  • About Us
  • Privacy Policy
  • Contact Us
© Copyright 2026, The Times Group. All Rights Reserved.
Reading: Court adjourns Malawi Savings Bank K5 billion fraud case
Share
Sign In
0

No products in the cart.

Notification Show More
Latest News
Rising maize prices stir food insecurity fears
National
BCC demolishes illegal structures in Ndirande
National
Comesa central banks confront policy hurdles
Business
China tourney excites Scorchers
Sports
Street-connected children struggle to access care
Features
Aa
The Times GroupThe Times Group
0
Aa
Search
  • Home
  • National
  • Business
  • Sports
  • Entertainment
  • Features
  • World
  • Digital & Technology
  • Leisure
  • Social and Human interest
  • Times Radio
  • Read e-Paper
  • Exclusive Content
  • Dzuka Publishing Company Limited
Have an existing account? Sign In
Follow US
  • Advertise
  • About Us
  • Privacy Policy
  • Contact Us
© Copyright 2026, Times Group Media. All Rights Reserved.
The Times Group > Blog > National > Court adjourns Malawi Savings Bank K5 billion fraud case
National

Court adjourns Malawi Savings Bank K5 billion fraud case

Times News
Last updated: 2025/01/21 at 9:06 AM
Times News
Share
3 Min Read
Masauko Chamkakala
SHARE

By Pemphero Malimba:

The High Court’s Financial Crimes Division in Lilongwe Monday adjourned the hearing of a case involving three people charged with K5 billion alleged fraud during the disposal of the Malawi Savings Bank (MSB) to January 28, 2025.

The three are businessman Leston Mulli, former Secretary to the President and Cabinet Lloyd Muhara and former Secretary to the Treasury Cliff Chiunda.

Yesterday, the court was expected to hear an application in which the defence sought to have the matter referred to the Constitutional Court.

- Advertisement -
Ad image

However, defence Lawyer Kalekeni Kaphale, who has recently joined the case, requested an adjustment to allow sufficient time to review the case files before the hearing commences.

- Advertisement -

Kaphale argued that the application should be heard before the trial, which was initially scheduled to begin on January 28, 2025.

The state, represented by Director of Public Prosecutions Masauko Chamkakala, objected to the application, arguing that the accused were already being represented by other lawyers and therefore there was no need to restart the process.

Chamkakala contended that the defence’s applications were intended to delay the case.

However, Judge Violet Chipao, who is handling the case, said that the adjournment would provide the defence with ample time to prepare for the case.

- Advertisement -
MAJEKETE—We have been joined by a new lawyer

On the specified date, the court will hear the application to determine whether the matter should be referred to the Constitutional Court and the outcome will influence how the court proceeds with the case on the same day.

In an interview, defence lawyer Gladwell Majekete justified Kaphale’s request.

“In our defence team, we have been joined by a new lawyer (Kaphale), so he wants to review the documents. This will ensure that when the court begins hearing the application, we are all aligned, which is why he requested the adjournment,” Majekete said.

On his part, Chamkakala confirmed that the state was ready to proceed with the case on the adjourned date.

“We have always maintained that the state does not go to court unprepared and we are well-prepared,” he said.

He added that the state had taken the necessary steps to ensure readiness for the hearing.

“The case has taken time because we were putting things in order to ensure that we are fully prepared when we come to court,” Chamkakala said.

The three are accused of conspiring to defraud the bank following an arrangement to repay the K5 billion debt over a period of approximately 50 years.

You Might Also Like

Rising maize prices stir food insecurity fears

BCC demolishes illegal structures in Ndirande

K7.5 billion Norway donation targets 21,000 Malawi farmers

Power miss

Typhoid hits hard in Mchinji

TAGGED: Leston Mulli, Malawi Savings Bank, Masauko Chamkakala

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Times News January 21, 2025
Share this Article
Facebook Twitter Copy Link Print
Share
Previous Article MITC boss drafted in global trade board
Next Article Stock market records K5.5bn trading two weeks into 2025
Leave a comment Leave a comment

Click here to cancel reply.

Please Login to Comment.

Stay Connected

554.5k Followers Like
120.8k Followers Follow
5.5k Followers Follow
28.6k Subscribers Subscribe

Latest News

Rising maize prices stir food insecurity fears
National November 13, 2026
BCC demolishes illegal structures in Ndirande
National November 13, 2026
Comesa central banks confront policy hurdles
Business November 13, 2026
China tourney excites Scorchers
Sports November 13, 2026
//

The Times Group is a multi-award winning media group and the only 360 media house in Malawi.

About Us

  • Company Profile
  • Rate Cards
  • Vacancies
  • Privacy Policy
  • Contact Us

Quick Links

  • e-Edition
  • Times Radio
  • Subscribe for Exclusive Content
  • Submit a Story
The Times GroupThe Times Group
Follow US

© Copyright 2026, The Times Group. All Rights Reserved.

  • Advertise
  • About Us
  • Privacy Policy
  • Contact Us

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?