By Isaac Salima:
The High Court of Malawi’s Financial Crimes Division sitting in Lilongwe has ordered that some bank accounts belonging to Yusuf Investments Limited remain frozen.
The court has, however, softened up on some bank accounts which are not connected to transactions in the sale of Amaryllis Hotel by granting to the application to open them.
The accounts were frozen following investigations by the Financial Intelligence Bureau (FIA) and the Anti-Corruption Bureau (ACB) into suspected corruption and money laundering connected to the transaction.
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