Mutharika denies syphoning $350 million from the Afreximbank , threatens to sue former VP Khumbo Kachali

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Former President Peter Mutharika who is also leader of the opposition Democratic Progressive Party has threatened to seek legal redress from courts against Former Vice President Khumbo Kachale over his alleged defamatory, malicious and damaging utterances

Kachali through his facebook page reportedly alleged that Mutharika’s government borrowed $350 million from the Afreximbank which he diverted it into DPP officials through FDH Bank.

Mutharika through his spokesperson, Shadreck Namalomba has trashed the allegations, describing it as false.

“The Afreximbank participated in the country’s secondary debt market as they bought already existing Government securities in form of Treasury Notes which were being rolled over. One can therefore never talk about diverting such funds into DPP officials,” reads in part the statement.

Kachali is yet to comment on Mutharika’s statement.

Below is Mutharika’s statement on the matter;

 

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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. Email: info@faceofmalawi.com

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