Mapeto David Whitehead and Sons officials suspected of involvement in the K10.8 billion tax evasion case were granted bail Tuesday.
Blantyre Senior Resident Magistrate Akiya Mwanyongo said the suspects’ bail conditions include that they provide a bail bond of K2 million each, two reliable sureties of blood relatives in Malawi for each accused person, bonded at K50 million non-cash. They are also required to report to Malawi Revenue Authority (MRA) offices every fortnight on Mondays until the trial starts and surrender their travel documents.
The five suspects abided by the conditions and were released on bail pending communication from the court on the next course of action.
MRA lawyer Beatrice Mwangwera said the Director of Public Prosecutions and lawyers from the Financial Intelligence Authority would join her.
Before granting the suspects bail, Mwanyongo transferred the case of two MRA officials to Chief Resident Magistrate (South) Jean Kayira so that they could enter their plea.
They subsequently pleaded not guilty to the allegations.