HOME National News FDH MK55 million fraud updates: three other suspects arrested

FDH MK55 million fraud updates: three other suspects arrested

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Police in Blantyre have arrested three employees of FDH Bank in connection to the fraud that happened at the bank in precious months.

The arrest comes barely a week after the police arrested of the bank’s former executive, Mathias Silumbu, who now works as chief finance officer at NBS Bank.

Head of Fiscal and Fraud Section, Isaac Norman, confirmed the arrest on Wednesday in an interview with Zodiak Broadcasting Station (ZBS).

The three have been identified as James Gwaza, Mphatso Njala and Ronald Madondolo.

According to Norman, the three worked in the bank’s Finance and Treasury Department were Njala and Gwaza were supervisors. Mandolo works as a clerk.

They will appear in courts any time soon.

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Robert Ngwira
Attended Our Future Private Secondary School in Rumphi from 2006-2009 Holder of Diploma in Journalism from Malawi Institute of Journalism (MIJ) Hobbies, reading newspapers, going out with friends, listening to radio and watching football.

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