Controversial businessperson Zameer Karim of Pioneer Investment has been ordered by the High Court to be remanded to Chichiri Prison in Blantyre until May 18, 2021, a date he is expected to appear in court to answer fraud charges.
Karim was re-arrested by the graft-busting body Anti-Corruption Bureau (ACB) yesterday, Thursday, after failing to appear before a Judge in Lilongwe.
He is accused of attempting to defraud Ecobank K850-Million- loan using the Malawi Police Service as a guarantor.
Karim was also in the news after depositing 140 Million kwacha into a personal account of former leader President Peter Mutharika.
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