In a quest to recover money siphoned in government coffers through the much touted cashgate scandal, the state special prosecutor on Cashgate Kamudoni Nyasulu has embarked on a new strategy of asking the court to confiscate property of the recent convicts of the first ever financial scam in Malawi.
On Tuesday the state appeared by the Lilongwe Magistrate Court, asking the court to allow the state to confiscate property of Cashagate convict Wyson Zinyemba Soko from his company Watipaso General Dealer as one way of recovering the MK40 million lost in the plundering of public funds.
Soko, Malawi Congress Party (MCP) deputy director of youth was sentenced to seven and half years for theft and money laundering of money amounting to MK40.9 million.
Zinyemba was the third person to be sentenced to jail on Cashgate related crimes.
During the hearing, Nyasulu told Senior Resident Magistrate Patrick Chirwa that the state wants to take over the Wayambanso Dealers to ensure government recovers the funds Zinyemba Soko had stolen from government.
In his ruling, Chirwa gave the state a go ahead to confiscate the company as one way of recovering the lost money.
However, Nyasulu argued that the said company is not worth MK40 million and he asked the court if it’s possible to add five more years to his sentence.
Meanwhile the case has been adjourned to later date for Magistrate to consider the request by the state on the matter.