Assets

Breaking: Malawi’s Ex-President Mutharika Races To Court Over Frozen Assets

Last updated on September 11th, 2021 at 08:12 am

Immediate past president of Malawi, Peter Mutharika is set to take Malawi’s anti-corruption body to court for allegedly freezing his assets and bank assets.

In a December 2 letter to Standard bank, Mutharika’s legal advisors disclose to Standard bank that a limitation request put on the previous president’s very own record had terminated.

Malawi’s Anti-Corruption Bureau (ACB) in August froze the individual ledgers of Mutharika and his significant other, Gertrude, in a test looking to reveal his part in a 5-billion kwacha ($6.6 million) concrete outrage.