K16 BILLION LOST WHEN THE RESERVE BANK OF MALAWI SUBSIDIARY IGNORED RED FLAGS

by | Apr 18, 2026 | pijmalawi

BY PIJ INVESTIGATIONSOn July 19, 2017, then Agriculture Minister George Chaponda and businessman Rashid Tayub, Director of Transglobe Produce Export, were arrested by the Anti-Corruption Bureau (ACB) accused of involvement in maizegate—a procurement scandal of K26 billion worth of maize imported fro…

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