The Malawi Police Service (MPS) have finally arrested Cotton Ginners Limited (CGL) Chief Executive Officer Abdul Yasin Reiman who left the country last year after swindling local commercial banks money amounting to Mk20 billion.
The suspect was arrested at Chileka International Airport (KIA) upon arrival from Pakistan where he fled to.
Reiman got various US dollar dominated loans from various banks in the country including a government supported lending arm, the Export Development Fund (EDF), which is supposed to support Malawian business people in accessing loans for export business.
Ironically, after getting the loans from the bank, CGL offices in Limbe were gutted by fire in June which insiders believe is meant to destroy some evidence connected to the loans.
The suspect has since been taken to Southern Region police offices for processing of his case.
Follow our Instagram